a commercial bank has excess reserves of 5000 and a required reserve ratio of 20 percent it make

Name: a commercial bank has excess reserves of 5000 and a required reserve ratio of 20 percent it makes a loan of 6000 to a borrower the borrower writes a check for 6000 that is deposited in anoth 75033
Uploaded: 2022-04-15T23:41:43-08:00
Duration: 1 min 8 s
Channel: Rachel Gore
Description: a commercial bank has excess reserves of 5000 and a required reserve ratio of 20 percent it makes a loan of 6000 to a borrower the borrower writes a check for 6000 that is deposited in anoth 75033

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Rachel Gore · Accepted Answer

Step 1: The bank has excess reserves of $5,000 and a required reserve ratio of 20%. This means t

Question

A commercial bank has excess reserves of $5,000 and a required reserve ratio of 20 percent. it makes a loan of $6,000 to a borrower. the borrower writes a check for $6,000 that is deposited in another commercial bank. after the check clears, the first bank will be short of reserves in the amount of

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