What required reserves ratio is implied, Accounting Basics

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What required reserves ratio is implied

A new bank has vault cash of $1 million and $5 million in deposits held at it federal Reserve District Bank. A. If the required reserves ratio is 8 percent ,what dollar amount of deposits can the bank have? B. If the bank holds $65 million in deposits and currently holds bank reserves such that excess reserves are zero, what required reserves ratio is implied?

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Accounting Basics: What required reserves ratio is implied

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Accounting Basics: What required reserves ratio is implied

Reference No:- TGS0707428

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Recent Questions Asked Accounting Basics

Q : Create the eliminations for consolidation

Q : A brief memorandum to norwels management

Q : Wrl company operates a snack food center

Q : Explain how much of the loss may ralph recognize

Q : What required reserves ratio is implied

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What required reserves ratio is implied

Reference No:- TGS0707428

Recent Questions Asked Accounting Basics

Q : Create the eliminations for consolidation

Q : A brief memorandum to norwels management

Q : Wrl company operates a snack food center

Q : Explain how much of the loss may ralph recognize

Q : What required reserves ratio is implied

Q : Definitions of assets and liabilities

Q : Calculate the over or underapplied overhead for the period

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Q : Determine the inventories direct labor costs

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