ation ompletion Status Question 19 of 29 Moving to the next question prevents ch

Question

ation ompletion Status Question 19 of 29 Moving to the next question prevents changes to this answer 3 points Save Answer on 19 Susan deposits $10,000 cash in her checkable deposit at the Bank of America. If the required reserve ratio is 10 percent, Bank of America's required reserves increase by $10,000. assets do not change but its liabilties increase required reserves increase by $1000 and its excess reserves increase by $9,000 excess reserves increase by $10,000 t Moving to the rext quesion prevents changes to trus answer estion 19 of 29 8 0

Explanation / Answer

Answer is required reserves will increase by $1000 ( 10% of $10,000) and excess reserves will increase by $9000 ( $10,000- $1000).

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.