1. Consider the T-table of the Bank of Boston. According to the table, if the Bank of Boston does not have excess reserv
Posted: Wed Mar 09, 2022 8:35 am
1. Consider the T-table of the Bank of Boston. According to the table, if the Bank of Boston does not have excess reserves, its reserve-deposit ratio equals percent. Submit Balance sheet of the Bank of Boston Assets Liabilities Government bonds -$5,000,000 Checkable deposits +$5,000,000 Currency (=bank reserves) +$5,000,000 Loans $0