Today, Bank One received $365 deposit from its customer Marc and had a $250 withdrawal from its other customer Tom. The Central Bank set the reserve requirement at 30%. Based on the above transactions, should the cash kept on hand (the required reserve) today increase or decrease? By how much?  

Answer rating: 100% (QA)

To solve this problem we need to calculate the change in the banks required reserve based on the gi... View the full answer