If a bank has $118400 in reserves, $201600 in loans, what is the banks reserve ratio?' 19% 59% O22% 37% None of the above

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter16: Information, Risk, And Insurance
Section: Chapter Questions
Problem 8RQ: What are some ways that someone looking for a loan might reassure a bank that is faced with...
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what formula do I use to calculate this? and please give answer
If a bank has $118400 in reserves, $201600 in loans, what is the banks reserve ratio?'
19%
59%
O22%
37%
Ġ
None of the above
Transcribed Image Text:what formula do I use to calculate this? and please give answer If a bank has $118400 in reserves, $201600 in loans, what is the banks reserve ratio?' 19% 59% O22% 37% Ġ None of the above
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