Given the following information about Gotham Bank:
Reserve Requirement 20 percent
Gotham Bank is holding ________ in excess reserves.
Suppose a bank has $8 million in deposits and a reserve ratio of 20 percent. Its required reserves are A) $40,000.
Suppose a bank has $300,000 in deposits, a reserve ratio of 5 percent, and bank reserves of $45,000. This bank can make new loans in the amount of
Which formulas should I use? a detailed answer would be helpful!