8 August, 03:41

A bank has $50,000 in checking account deposits and loans of $49,000. Of the $49,000 loaned out, $43,000 remains in the checking accounts of the loan recipients. The bank has $50,000 cash on hand, and the reserve requirement is 25%. The amount of its required reserves equals:

a)

$50,000.

b)

$23,250.

c)

$27,000.

d)

$26,750.

+2

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “A bank has $50,000 in checking account deposits and loans of $49,000. Of the $49,000 loaned out, $43,000 remains in the checking accounts ...” in 📗 Social Studies 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

Selecting concepts and content is one of the study methods, give a brief explanation

As the pa speaks with harry, he notices that harry's tongue is moving strangely; it keeps writhing and twitching.

James Madison, Alexander Hamilton and John Jay wrote letters to newspapers praising the Constitution. What were these published letters called? A) Pentagon Papers B) Magna Carta C) Federalist Papers D) Bill of Rights

Where any of the young United States problem made worse by the powers that the articles of confederation did or did not give the national government?

Approximately what percent of russia is used for permanent cropland

New Questions in Social Studies

Which form of treatment aims to gain insight into defenses and unconscious motivations and relies on the interpretation of defenses? behavioral?

Where was Japan's alternative government headquartered?

To identify which of lucy's brain areas was most active when she talked, neuroscientists gave her a temporarily radioactive form of glucose and a (n)

The term sphere of influence extra territoriality and mandates are most closely associted with

Each year the american chemical society holds a national meeting and the regional meeting for chemists. reports of these meetings are then circulated all over the world why do you think this has become standard practice?