Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.
Given the following information about Gotham Bank:
Bank Deposits
Loans
Reserves
Reserve Requirement 20 percent
Gotham Bank is holding ________ in excess reserves.
A) $22,000
B) $12,000
C) $2,000
D) -$2,000
Suppose a bank has $8 million in deposits and a reserve ratio of 20 percent. Its required reserves are A) $40,000.
B) $400,000.
C) $1,600,000.
D) $16,000,000.
Suppose a bank has $300,000 in deposits, a reserve ratio of 5 percent, and bank reserves of $45,000. This bank can make new loans in the amount of
A) $345,000.
B) $45,000.
C) $30,000.
D) $15,000.
Which formulas should I use? a detailed answer would be helpful!
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more