Answer to Question #38055 in Macroeconomics for raju

Question #38055

If a bank’s deposits equal $579 million and the required-reserve ratio is 9.5%, what dollar amount must the bank hold in reserve form?

Expert's answer

Download Answer

Learn more about our help with Assignments: Macroeconomics

No comments. Be the first!

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…