Riley deposits 4000 cash in her checkable deposit at


Riley deposits $4,000 cash in her checkable deposit at Fershur Bank. If the desired reserve ratio is 5%, Fershur Bank’s

a-desired reserves increase by $4,000

b-assets and its liabilities change In opposite directions

c- liabilities do not change but its asset increase.

d- desired reserves increase by $200 and its excess reserves increase by $3,800

e- excess reserves increase by $4.000

Request for Solution File

Ask an Expert for Answer!!
Business Economics: Riley deposits 4000 cash in her checkable deposit at
Reference No:- TGS01119613

Expected delivery within 24 Hours