peanutswift4692 peanutswift4692
  • 08-06-2017
  • Business
contestada

Imagine that odyssey national is a brand new bank, and that its required reserve ratio is 10 percent. if it accepts a $1,000 deposit, then its required reserves balance will be:

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 09-06-2017
Hi there
Excess reserve balance is
1,000−1,000×0.1=900

Hope it helps
Answer Link
Аноним Аноним
  • 09-06-2017
Excess reserve balance is
1,000−1,000×0.1=900
Answer Link

Otras preguntas

What is 300 / 400 in simplest form
what is the difference between Darwin's theory of evolution and Lamarck's theory of evolution ?
How do you write 1.76 x 10 to the negative 1 in standard nottation
Divide 30 in a ratio of 3:2
It takes April 7 1/3 hours to drive to her grandparents’ house. So far she has driven 3 5/6 hours. How many more hours does April need to drive?
which gilded age president was known for his integrity?
Is the sentence simple, compound, or complex? It is warm and breezy at the beach. A. complex B. compound C. simple
Which of the following is true of the Antarctic Treaty System?
Water makes up approximately how much of a human's body weight?
Which was one of the reasons Martin Luther wrote his Ninety-five Theses?