peanutswift4692 peanutswift4692
  • 08-06-2017
  • Business
contestada

Imagine that odyssey national is a brand new bank, and that its required reserve ratio is 10 percent. if it accepts a $1,000 deposit, then its required reserves balance will be:

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 09-06-2017
Hi there
Excess reserve balance is
1,000−1,000×0.1=900

Hope it helps
Answer Link
Аноним Аноним
  • 09-06-2017
Excess reserve balance is
1,000−1,000×0.1=900
Answer Link

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