The Bank currently is holding checkable deposits that equal $2,344, with loans valued at $2,022 and reserves worth $322.
Posted: Sun Jul 03, 2022 12:58 pm
The Bank currently is holding checkable deposits that equal $2,344, with loans valued at $2,022 and reserves worth $322. A customer then chooses to withdraw $11.02 from her account. If the required reserve ratio is 11%, then what are the bank's required reserves after the withdrawal?