Suppose that TestBank has the following simplified balance sheet: Assume that the reserve ratio (r) = 0.2. Does TestBank

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answerhappygod
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Suppose that TestBank has the following simplified balance sheet: Assume that the reserve ratio (r) = 0.2. Does TestBank

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Suppose that TestBank has the following simplified balancesheet:
Assume that the reserve ratio (r) = 0.2.
Does TestBank have excess or deficient reserves? Of howmuch?
Question 30 options:
Deficient reserves of $800.
Excess reserves of $800
Excess reserves of $2400
Excess reserves of $3200
Deficient reserves of $2400
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