georgetorres817373
15.04.2020 •
Business
Suppose that Third National Bank has reserves of $10,000 and checkable deposits of $100,000. The reserve ratio is 10 percent. The bank now sells $15,000 in securities to the Federal Reserve Bank in its district, receiving a $15,000 increase in reserves in return.What level of excess reserves does the bank now have?
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Ответ:
The correct answer is $15,000.
Explanation:
According to the scenario, the computation of the given data are as follows:
Checkable deposits = $100,000
Required reserves = 10% of deposits
Reserves = $100,000 ×10% = $10,000
After selling securities, the reserves increase by $15,000.
So, total reserves = $10,000 + $15,000 = $25,000
Now, Excess Reserves = Actual Reserves - 10% of Deposits
= $25,000 - $10,000
= $15,000
Ответ:
ok
Explanation: