The following information is given about the Bank. The deposits for the bank are $1,000,000. The bank has reserves of $350,000. The reserve ratio is 10% Provide a T account for the bank that shows the deposits, reserves, and loans for the bank.

Jul 12, 2021 | Hire us to write

The following information is given about the Bank. The deposits for the bank are $1,000,000. The bank has reserves of $350,000. The reserve ratio is 10% Provide a T account for the bank that shows the deposits, reserves, and loans for the bank. What is the amount of the required reserve? Does the bank have any excess reserves? If yes, how much? What is the maximum amount of money the bank can loan? If the reserve ratio changed to 12.5% would anything change 


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