Ninth National Bank holds $200 million in checkable deposits and $18,000,000 in total reserves. With a required reserve ratio of 8 percent, how much in excess reserves is Ninth National holding?
A) $1,440,000
B) $218,000,000
C) $17,440,000
D) $16,000,000
E) $2,000,000
E
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Off-balance-sheet activities
A) generate fee income with no increase in risk. B) increase bank risk but do not increase income. C) generate fee income but increase a bank's risk. D) generate fee income and reduce risk.
Expenditure changes may be potentially inequitable, as are tax changes, because
A) their spatial distribution must be determined by the legislature. B) their spatial distribution must be determined by the Fed. C) the government is slow to implement new programs. D) unlike Japan, public works projects are the province of the executive branch.
The payoff matrix is a fundamental tool of
A. monopolistic competition. B. game theory. C. corporate finance theory. D. regulatory oversight.
A significant slowdown in the growth of productivity persisted in the U.S. economy between
a. 1960 and 1973. b. 1973 and 1995. c. 1973 and 2015. d. 1995 and 2015.