Question: For c, 127 & 127.5 is also incorrect!! If a bank has $150 million in deposits and $25 million in reserves with a reserve requirement

For c, 127 & 127.5 is also incorrect!!

If a bank has $150 million in deposits and $25 million in reserves with a reserve requirement of 0.15, Instructions: Round your responses to one decimal place. a. how much are its required reserves? $ 22.5 million b. how much excess reserves does it have? 2.5 million c. how much can it lend? $ 152.5 x million

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