A bank has a vault cash value of 1 million and 5 million in


A bank has a vault cash value of $1 million and $5 million in deposits held at its federal reserve sidtrict bank at 8% federal reserve ratio what dollar amount of deposits can the bank have?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: A bank has a vault cash value of 1 million and 5 million in
Reference No:- TGS0632522

Expected delivery within 24 Hours