Suppose a bank currently has $240,000 in deposits and $23,000 in reserves. The required reserve ratio is

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Suppose a bank currently has $240,000 in deposits and $23,000 in reserves. The required reserve ratio is 13%. If at the end of the day, there is an unexpected withdrawal of $4,000 in reserves, what is the bank's resulting reserve ratio ?

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Posted Date: Apr 27, 2024 07:28 AM

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Suppose a bank currently has $240,000 in deposits and $23,000 in reserves. The required reserve ratio is

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To calculate the resulting reserve ratio after the unexpected withdrawal we first need to deter... View the full answer

Economics

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