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Elan Coil [88]
3 years ago
15

If a bank has total deposits of $7,200 and reserves of $1,600: instructions: round to the nearest whole number. (a) what is its

current reserve ratio? 5 incorrect % (b) how large is its loan portfolio (outstanding loans)? 88 incorrect %
Mathematics
1 answer:
Serjik [45]3 years ago
4 0
A.) The current reserve ratio is given by the fraction of the bank's total deposits held in reserves.
Given that the bank's total deposits is $7,200 and the reserves is $1,600, the current reserve ratio is given by:

\frac{1,600}{7,200} \times100\%=22\%.


b.) The loan portfolio is given by (total deposit - reserves) / total deposits

Thus, the loan portfolio of the given bank is given by:

\frac{7,200-1,600}{7,200} \times100\%= \frac{5,600}{7,200} \times100\% \\  \\ =78\%
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