The Federal Reserve Bank changes reserve requirements from 5.0 percent to 8.0 percent, The transactions deposit in the b

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

The Federal Reserve Bank changes reserve requirements from 5.0 percent to 8.0 percent, The transactions deposit in the b

Post by answerhappygod »

The Federal Reserve Bank changes reserve requirements from 5.0percent to 8.0 percent, The transactions deposit in the bankingsystem are $500 million. The total change in deposits (with nodrains) would be _______________.
Incrase by $1875.5 million
Decrease by $15.0 million
Increase by $15.0 million
Decrease by $187.5 million
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”