Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
(5 pts.) The ABC Bank of Bermuda has outstanding checkable deposits of $300,000 and a reserve ratio of 10%.
31. (5 pts.) The ABC Bank of Bermuda has outstanding checkable deposits of $300,000 and a reserve ratio of 10%. If it has excess reserves of $25,000, what is the size of the bankâs actual reserves?A) $25,000 B) $35,000 C) $45,000 D) $55,000
