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If a bank has total deposits of $7,700 and reserves of $2,100: instructions: round to the nearest whole number. (a) what is its current reserve ratio? % (b) how large is its loa…

If a bank has total deposits of $7,700 and reserves of $2,100: instructions: round to the nearest whole number. (a) what is its current reserve ratio? % (b) how large is its loa…
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If a bank has total deposits of $7,700 and reserves of $2,100: instructions: round to the nearest whole number. (a) what is its current reserve ratio? % (b) how large is its loan portfolio (outstanding loans)? %

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User DialFrost
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a.What is the total amount of deposits?_Deposits= ($2,000 – $500)/.20 =$7,500

b.What is the total amount of loans? _Loans = $7,500 - $2,000 = $5,500_
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User LesterDove
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