question archive A bank has $263 million in total reserves, of which $11 million are excess reserves
A bank has $263 million in total reserves, of which $11 million are excess reserves
Subject:EconomicsPrice: Bought3
A bank has $263 million in total reserves, of which $11 million are excess reserves. The bank currently has $3,699 million in loans, $ 997 million in securities and $142 million in other assets The required reserve ratio for transactions deposits is 11 percent Calculate the sum of this bank's total amount of liabilities and net worth $ million
