The quantity of excess reserves that the Bank of Cheerton now hold is $210
From the attached table, the amount generated on the reserve is $4,200
If the Fed's reserve requirement is 5 percent, then the quantity of excess reserves that the Bank hold is given as:
Quantity of excess reserves = 5% of $4,200
Quantity of excess reserves = 0.05 * 4200
Quantity of excess reserves = $210
Hence the quantity of excess reserves that the Bank of Cheerton now holds is $210.
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Answer:
The unknown number is greater than equal to 12
Step-by-step explanation:
If we need to solve the equation will be
let the number be x
4+3x
40
3x
40-4
3x
36
x
36/3
x
12
This means x is greater or equal to 12
Answer:
where are the types of propaganda
Y=7 because there is no slope and the Y intercept is at 7.