Suppose the Bank of Ontario has excess reserves of $8,000 and deposits of $75,000. If the reserve ratio is 20 percent, w
Posted: Sun May 29, 2022 8:15 pm
Suppose the Bank of Ontario has excess reserves of $8,000 and deposits of $75,000. If the reserve ratio is 20 percent, what is the size of the bank's total reserves? Total Reserves = $0