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Greeley [361]
2 years ago
12

If a bank has total deposits of $7,700 and reserves of $2,100: instructions: round to the nearest whole number. (a) what is its

current reserve ratio? % (b) how large is its loan portfolio (outstanding loans)? %
Mathematics
1 answer:
jolli1 [7]2 years ago
3 0
A.What is the total amount of deposits?_Deposits= ($2,000 – $500)/.20 =$7,500

b.What is the total amount of loans? _Loans = $7,500 - $2,000 = $5,500_
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Step-by-step explanation:

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