You are the Federal Reserve Police and you go into Uckville Bank. When you check the vault

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You are the Federal Reserve Police and you go into Uckville Bank. When you check the vault you see $1.6 million The reserve requirement is 5.0% and on the books are $28 million in outstanding checkable deposits.

a. By how much more in checkable deposits can Uckville expand? Show work.

b. What are the excess reserves? Show work.

c. Now make up your own Federal Reserve Police problem and solve it. Show work.

Related Book For answer-question

Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Posted Date: Nov 07, 2018 12:40 AM

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You are the Federal Reserve Police and you go into Uckville Bank. When you check the vault

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Expert Answer:

a 160000005 32 million This is maximum checkable deposits allowed Current ... View the full answer

Economics

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