Advanced Placement (AP), 31.03.2021 19:20 fernandaElizondo
1. I believe the required reserve ratio is 1% (60,000/600,000=.1)
2. I believe it is 160,000 (100,000+60,000=160,000)(Ignoring bonds, loans, and buildings/fixtures)
3. 1/reserve requirement is the multiplier but I do not think it is that simple...
4. I am not sure how to complete this one
5. I can probably figure how the effects on my own...
I just really need help with questions three and four, please.
Answers: 2
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You know the right answer?
1. I believe the required reserve ratio is 1% (60,000/600,000=.1)
2. I believe it is 160,000 (100,0...
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