A bank holds $10 for every $100 in deposits. The bank wants to hold $9 for every $100 in deposits. The bank holds actual reserves of $22,000 and desired reserves of $13,000. What is the actual reserve ratio, the desired reserve ratio, and the excess reserves? >>> Answer to 2 decimal places. The actual reserve ratio is The desired reserve ratio is The excess reserves are $

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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A bank holds $10 for every $100 in deposits.
The bank wants to hold $9 for every $100 in deposits.
The bank holds actual reserves of $22,000 and desired reserves of $13,000.
What is the actual reserve ratio, the desired reserve ratio, and the excess reserves?
>>> Answer to 2 decimal places.
The actual reserve ratio is
The desired reserve ratio is
The excess reserves are $
Transcribed Image Text:A bank holds $10 for every $100 in deposits. The bank wants to hold $9 for every $100 in deposits. The bank holds actual reserves of $22,000 and desired reserves of $13,000. What is the actual reserve ratio, the desired reserve ratio, and the excess reserves? >>> Answer to 2 decimal places. The actual reserve ratio is The desired reserve ratio is The excess reserves are $
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