1. Consider a bank policy to maintain 12% of deposits as reserves. The bank currently has $10 million in deposits and holds $400,000 excess reserves. What is the required reserve on a new deposit of $50,000? Solution: Required reserve ratio + excess reserve ratio = Excess reserve ratio = Required reserve ratio = The required reserve is:

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter17: The Management Of Cash And Marketable Securities
Section: Chapter Questions
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1. Consider a bank policy to maintain 12% of deposits as reserves. The bank currently has $10 million in deposits and holds $400,000 excess reserves.
What is the required reserve on a new deposit of $50,000?
Solution:
Required reserve ratio + excess reserve ratio =
Excess reserve ratio =
Required reserve ratio =
The required reserve is:
Transcribed Image Text:1. Consider a bank policy to maintain 12% of deposits as reserves. The bank currently has $10 million in deposits and holds $400,000 excess reserves. What is the required reserve on a new deposit of $50,000? Solution: Required reserve ratio + excess reserve ratio = Excess reserve ratio = Required reserve ratio = The required reserve is:
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