Question: a ) . Calculate excess reserves when required reserve ratio on demand deposit is 1 4 % and required reserve ratio on time deposit is

a). Calculate excess reserves when required reserve ratio on demand deposit is 14% and required reserve ratio on time deposit is 3%.
b). suppose that required reserve ratios are changed to 16% on demand deposits and 0% on time deposits. Calculate excess reserves
c. suppose bank sells 3 million in securities on the open market. Calculate the change in the banks excess reserves when the required reserve ratio on demand deposits is 14%
a). Calculate excess reserves when required reserve ratio on demand deposit

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