If you withdraw $3,500 from your checking account and the required reserve ratio is 16 percent, then the bank's Instructions: Enter your responses as a whole number. a. Total deposits rise by $ 3500 b. Required reserves rise vby $ 455 c. Excess reserves rise v by $ 3045 If you deposit a $2,000 check in your checking account and the required reserve ratio is 16 percent, then the bank's Instructions: Enter your responses as a whole number. d. Total deposits fall v by $ 2000 e. Required reserves fall vby $ 260 f. Excess reserves fall by $ 1740

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

1

If you withdraw $3,500 from your checking account and the required reserve ratio is 16 percent, then the bank's
Instructions: Enter your responses as a whole number.
a. Total deposits rise
by $
3500
b. Required reserves rise
v by $
455
c. Excess reserves rise
by $
3045
If you deposit a $2,000 check in your checking account and the required reserve ratio is 16 percent, then the bank's
Instructions: Enter your responses as a whole number.
d. Total deposits fall
v by $
2000
e. Required reserves fall
v by $
260
f. Excess reserves fall
by $
1740
Transcribed Image Text:If you withdraw $3,500 from your checking account and the required reserve ratio is 16 percent, then the bank's Instructions: Enter your responses as a whole number. a. Total deposits rise by $ 3500 b. Required reserves rise v by $ 455 c. Excess reserves rise by $ 3045 If you deposit a $2,000 check in your checking account and the required reserve ratio is 16 percent, then the bank's Instructions: Enter your responses as a whole number. d. Total deposits fall v by $ 2000 e. Required reserves fall v by $ 260 f. Excess reserves fall by $ 1740
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman