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Suppose Robina Bank receives a deposit of $52,589 and the reserve requirement is 7%. Answer the questions using this inf
Posted: Mon Apr 18, 2022 9:13 am
by answerhappygod
- Suppose Robina Bank Receives A Deposit Of 52 589 And The Reserve Requirement Is 7 Answer The Questions Using This Inf 1 (79.5 KiB) Viewed 36 times
Suppose Robina Bank receives a deposit of $52,589 and the reserve requirement is 7%. Answer the
questions using this information. Round your answers to two decimal places. What is the amount that Robina Bank must keep on hand as required by the Federal Reserve (Fed)? keep on hand: S What is the amount that Robina Bank must have in excess reserves from this initial deposit? excess reserves: $ What is the total change in the M1 money supply from this one deposit? total change: $