Answered You can hire a professional tutor to get the answer.
Given the following information about Gotham Bank: Bank Deposits Loans Reserves Reserve Requirement 20 percent Gotham Bank is holding ________ in...
Given the following information about Gotham Bank:
Bank Deposits
Loans
Reserves
Reserve Requirement 20 percent
Gotham Bank is holding ________ in excess reserves.
A) $22,000
B) $12,000
C) $2,000
D) -$2,000
Suppose a bank has $8 million in deposits and a reserve ratio of 20 percent. Its required reserves are A) $40,000.
B) $400,000.
C) $1,600,000.
D) $16,000,000.
Suppose a bank has $300,000 in deposits, a reserve ratio of 5 percent, and bank reserves of $45,000. This bank can make new loans in the amount of
A) $345,000.
B) $45,000.
C) $30,000.
D) $15,000.
Which formulas should I use? a detailed answer would be helpful!
