A bank has $20 in cash in its vaults, $280 deposited at the central bank, has made $1700 in loans to its customers and has $2000 in deposits from customers. What is this bank's actual reserve ratio? (Round to two decimal places and do not enter the percent. If your answer is 0.114 (11.4%), enter 0.11. If your answer is 0.115 ( 11.5%), enter 0.12. If appropriate, remember to enter the - sign.)
A bank has $20 in cash in its vaults, $280 deposited at the central bank, has made $1700 in loans to its customers and has $2000 in deposits from customers. What is this bank's actual reserve ratio? (Round to two decimal places and do not enter the percent. If your answer is 0.114 (11.4%), enter 0.11. If your answer is 0.115 ( 11.5%), enter 0.12. If appropriate, remember to enter the - sign.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![A bank has $20 in cash in its vaults, $280 deposited at the central bank, has
made $1700 in loans to its customers and has $2000 in deposits from
customers.
What is this bank's actual reserve ratio?
(Round to two decimal places and do not enter the percent. If your answer is
0.114 (11.4%), enter 0.11. If your answer is 0.115 (11.5%), enter 0.12. If
appropriate, remember to enter the - sign.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fec96c92b-6f3d-4438-ab12-92749402f946%2Fcba99c15-c34a-4a68-bdb0-c62d8acab10b%2Fy2y6o7e_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A bank has $20 in cash in its vaults, $280 deposited at the central bank, has
made $1700 in loans to its customers and has $2000 in deposits from
customers.
What is this bank's actual reserve ratio?
(Round to two decimal places and do not enter the percent. If your answer is
0.114 (11.4%), enter 0.11. If your answer is 0.115 (11.5%), enter 0.12. If
appropriate, remember to enter the - sign.)
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