Consider the following bank. Cash in Vaults $25 Its deposits at Central Bank-$275 Loans it has made to customers=$1600 Value of government bonds it owns=$100 Deposits made by its customers=$2000 What are the bank's reserves (in dollars)? (Round to two decimal places and do not enter the currency symbol. If your answer is $6.114, enter 6.11. If your answer is $6.115, enter 6.12. If appropriate, remember to enter the - sign.)
Consider the following bank. Cash in Vaults $25 Its deposits at Central Bank-$275 Loans it has made to customers=$1600 Value of government bonds it owns=$100 Deposits made by its customers=$2000 What are the bank's reserves (in dollars)? (Round to two decimal places and do not enter the currency symbol. If your answer is $6.114, enter 6.11. If your answer is $6.115, enter 6.12. If appropriate, remember to enter the - sign.)
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter27: Money And Banking
Section: Chapter Questions
Problem 4SCQ: For the following list of items, indicate If they are in M1, M2, or neither: Your 5,000 line of...
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![Consider the following bank.
Cash in Vaults=$25
Its deposits at Central Bank-$275
Loans it has made to customers=$1600
Value of government bonds it owns=$100
Deposits made by its customers=$2000
What are the bank's reserves (in dollars)?
(Round to two decimal places and do not enter the currency symbol. If your
answer is $6.114, enter 6.11. If your answer is $6.115, enter 6.12. 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%2Fd0e85c10-2895-42ad-8744-ba8b3091e4e0%2Fuswk293_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Consider the following bank.
Cash in Vaults=$25
Its deposits at Central Bank-$275
Loans it has made to customers=$1600
Value of government bonds it owns=$100
Deposits made by its customers=$2000
What are the bank's reserves (in dollars)?
(Round to two decimal places and do not enter the currency symbol. If your
answer is $6.114, enter 6.11. If your answer is $6.115, enter 6.12. If appropriate,
remember to enter the - sign.)
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