A new bank has vault cash of 1 million and 5 million in

Reference no: EM13599928

A new bank has vault cash of $1 million and $5 million in deposits held at it federal Reserve District Bank. A. If the required reserves ratio is 8 percent ,what dollar amount of deposits can the bank have? B. If the bank holds $65 million in deposits and currently holds bank reserves such that excess reserves are zero, what required reserves ratio is implied?

Reference no: EM13599928

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