Home / Expert Answers / Economics / bank-of-america-has-200-million-in-deposits-and-18-million-in-total-reserves-let-39-s-suppose-the-re-pa326

(Solved): Bank of America has $200 million in deposits and $18 million in total reserves. Let's suppose the re ...



Bank of America has $200 million in deposits and $18 million in total reserves. Let's suppose the reserve ratio if 8 percent, how much excess reserves does the bank have?



We have an Answer from Expert

View Expert Answer

Expert Answer


We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe