Business
Serita604
7

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:

+0
(2) Answers
Cibula685

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

ChereeTiger

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

Add answer