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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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1 vote
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

User Sfrench
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1 Answer

4 votes

Answer:

$50

Step-by-step explanation:

10% of $500

=10÷100 ×500

=$50

User Robo Robok
by
5.0k points
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