peanutswift4692 peanutswift4692

08-06-2017
Business

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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

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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