Statistics Solutions

[Solution] Calculate the banks excess reserves when the required reserve ratio on checkable deposits is 14% and required reserve ratio on time deposits is

Question: Calculate the banks excess reserves when the required reserve ratio on checkable deposits is 14% and required reserve ratio on time deposits is 3%. Now suppose that the required reserve ratios are changed to 16% on checkable deposits and 0% on time deposits. Again, calculate the bank’s excess reserves.

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