Suppose American Bank has $500 in deposits and $200 in reserves and that the required reserve ratio is 10 percent. In this situation, American Bank has

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asked Nov 19, 2020 102k views

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Suppose American Bank has $500 in deposits and $200 in reserves and that the required reserve ratio is 10 percent. In this situation, American Bank has

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Sfrench asked

by Sfrench

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4 votes

Answer:

$50

Step-by-step explanation:

10% of $500

=10÷100 ×500

=$50

Robo Robok answered Nov 26, 2020

by Robo Robok

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