Imagine that Big Bank has a 5% reserve requirement and $7,000 in deposits. If this bank has loaned out all it can given the reserve requirement, which of the following statements is correct?
A. Big Bank has $35 in reserves and $4,500 in loans
B. Big Bank has $250 in reserves and $4,750 in loans.
C. Big Bank has $350 in reserves and $6,650 in loans.
D. None of the above statements is correct
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Imagine that Big Bank has a 5% reserve requirement and $7,000 in deposits. If this bank has loaned out all it can given the reserve ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
How are aptitudes and abilities different?
Answers (2)
The pharmacist needs to measure out 35 grams of a 70% powder using the 50% and 90% powders he has in stock. how much of each powder is required?
Answers (2)
Your grandfather made $5/hour nominal wage in 1974. likewise, your father made $9/hour in 1994, and you $17/hour today. if inflation is constant at + 3.5% per year, or + 41% per decade, who had the highest real wage?
Answers (1)
If monopolistically competitive firms in an industry are making an economic profit, then new firms will enter the industry and the product demand facing existing firms will: a Increase b. Become less elastic c. Not be affected at all d. Decrease
Answers (1)
Who followed the guidelines for spending wisely? Erika goes to one store and buys a laptop without shopping around. Mia makes a list before she heads to the grocery store, but she sees a magazine near the checkout counter and buys it.
Answers (2)
New Questions in Business
Managers often base their hiring decisions on gut feelings. these feelings are typically formed within two minutes of meeting a job applicant and have little to do with the applicant's ability to do the job.
Answers (1)
Leesburg sold a machine for $2,200 on november 10th of the current year. the machine was purchased for $2,600. leesburg had taken $1,200 of depreciation deductions on the machine through the date of the sale.
Answers (1)
Which type of training would be considered vocational training?
Answers (2)
Which of the following is not a step in creating operating department income statements? eliminate the uncontrollable costs for each department. allocate indirect expenses across departments. prepare the departmental income statements.
Answers (1)
Suppose the supply equation is: Upper Q equals 12 plus 0.30 p. What is the price elasticity of supply if the market price is $16 ? nothing (round your answer to three decimal places ).
Answers (1)