Assets Liabilities Reserves $x Desposits $14,142 Loans $6,310 Suppose the above T-account is for First National Bank.

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Assets	Liabilities
Reserves $x	Desposits $14,142
Loans $6,310

Suppose the above T-account is for First National Bank. What is First National Bank's reserve ratio? Round your answer to two places after the decimal point (0.01).

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Posted Date: Jan 29, 2024 05:33 AM

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Assets Liabilities Reserves $x Desposits $14,142 Loans $6,310 Suppose the above T-account is for First National Bank.

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To calculate the reserve ratio we need to divide the reserves by the depos... View the full answer

Principles of economics

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