A commercial bank has $100 million in checkable-deposit liabilities and $12 million in actual reserves. The required reserve ratio is 10 percent. How big are the bank's excess reserves? LO33.2a.$100 million. b.$88 million. c.$12 million. d.$2 million.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A commercial bank has $100 million in checkable-deposit liabilities and $12 million in actual reserves. The required reserve ratio is 10 ...” 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
Ryan's Sparkling Jewels estimated its payroll for the coming year to be $84,000. Its workers' compensation insurance premium rate of 0.6% is paid at the beginning of each quarter.
Answers (1)
Twenty-five young investors decided that they want to start a dating service; however, they do not want to be held personally liable for losses of the company. they want to avoid double taxation.
Answers (1)
Laura is a student at a state university. In 2018, she received a scholarship of $6,000 for tuition and fees and an assistantship for $3,000. What is the amount that Laura must report in income? a. $9,000. b. $0. c. $3,000. d. $6,000.
Answers (1)
Beth is a college student looking for summer employment. She has two options. Firm X is employing lifeguards to patrol the beaches at an exclusive resort in Cancun, Mexico, while Firm Y offers her a job working in an office filing paper work and
Answers (1)
What company was a media-market leader in 2013 as a result of its strategy of delivering diverse forms of media content, including books, newspapers, and magazines?
Answers (1)
New Questions in Business
Which resumé tends to be used to cover employment gaps? A. chronological B. functional C. hybrid
Answers (1)
Pip owns Great Expectations, a trendy restaurant in Manhattan. He enters into a contract with Estella, who makes and sells pastries. The contract states that Estella will "supply all of Great Expectation's needs" for pastries for the next year.
Answers (1)
What should government do with its spending and taxes during a recession
Answers (1)
The management of Osborn Corporation is investigating an investment in equipment that would have a useful life of 5 years. The company uses a discount rate of 12% in its capital budgeting.
Answers (1)
Are there public functions that might benefit from more competition, including competition from private firms?
Answers (1)