Question

Imagine that odyssey national is a brand new bank, and that its required reserve ratio is 10 percent. if it accepts a $1,000 deposit, then its required reserves balance will be:

Answer 1

Excess reserve balance is
1,000−1,000×0.1=900

Answer 2

Hi there
Excess reserve balance is
1,000−1,000×0.1=900

Hope it helps