If you deposit a $20 into a checking account, and your bank has a 10 percent reserve requirement...?

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If you deposit a $20 into a checking account, and your bank has a 10 percent reserve requirement, by how much will the bank’s excess reserves rise?

2007-03-20 14:26:25 · 1 answers · asked by lane_saugt_hahn_fur_drogen 1 in Social Science ➔ Economics

$200 total

$180 in excess of your deposit.

2007-03-20 16:11:21 · answer #1 · answered by Santa Barbara 7 · 0⤊ 0⤋