Suppose that the ABC bank has a total amount of 2040 KWD in the checkable deposits accounts. The required reserve ratio
Posted: Thu May 19, 2022 8:04 am
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Suppose that the ABC bank has a total amount of 2040 KWD in the checkable deposits accounts. The required reserve ratio set by the central bank is 8%. What is the minimum amount that the bank should keep in reserve: