Mr. jones deposited $8,000 cash into his account at bank a. if the required reserve ratio is 10%, bank a has to keep _ in the form of required reserves and can make a loan equal to _.

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18-08-2022
Business

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Mr. jones deposited $8,000 cash into his account at bank a. if the required reserve ratio is 10%, bank a has to keep _ in the form of required reserves and can make a loan equal to _.

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ogorwyne ogorwyne · Answer 1 · 2022-08-24T00:35:59+02:00

Mr. jones deposited $8,000 cash into his account at bank a. if the required reserve ratio is 10%, bank a has to keep 800 dollars in the form of required reserves and can make a loan equal to 7200.

How to solve for the required reserves

The deposited amount = 8000 dollars

The percentage that is one the amount = 10 percent

The required reserves would be

10% * 8000

= $800

The the loan would be 8000 - 800 = $7200

Hence we would conclude that the if the required reserve ratio is 10%, bank a has to keep 800 dollars in the form of required reserves and can make a loan equal to 7200.

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Mr. jones deposited $8,000 cash into his account at bank a. if the required reserve ratio is 10%, bank a has to keep _____ in the form of required reserves and can make a loan equal to _____.

Respuesta :

How to solve for the required reserves

Otras preguntas

Mr. jones deposited $8,000 cash into his account at bank a. if the required reserve ratio is 10%, bank a has to keep _ in the form of required reserves and can make a loan equal to _.