Marisssu6mmeronjam Marisssu6mmeronjam
  • 14-04-2017
  • Mathematics
contestada

Suppose a bank has $600,000 in deposits, a required reserve ratio of 5 percent, and bank reserves of $90,000. then the bank can make new loans in the amount of

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 14-04-2017
600,000×0.05=30,000
Reserve amount
90000+30000=120000
Loans
600000-30000=570000....answer
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