document.write( "Question 566777: The friendly National Bank holds $50 million in reserves at its Federal Reserve District Bank. The required reserves ratio is 12 percent.
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document.write( "a. If the bank has $600 million in deposits, what amount of vault cash would be needed for the bamk to be in compliance with the required reserves ratio?
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document.write( "b. The Friendly National Bank holds $10 million in vault cash, determine the required reserves ratio that would be needed for the bank to avoid a reserves deficit. \n" );
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Algebra.Com's Answer #368355 by alioop(1)![]() ![]() ![]() You can put this solution on YOUR website! \n" ); document.write( " |