Try another version of these questions Suppose that Bank of America holds $2000 million in deposits and maintains a reserve ratio of 6%.
What is the amount of Bank of America's reserves? Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Suppose that PNC holds $2500 million in deposits and maintains a reserve ratio of 40%.
Given that PNC's assets include only reserves and loans, what is the amount of PNC's loans? Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
120
Enter DNE for Does Not Exist, oo for Infinity
1500
Enter DNE for Does Not Exist, oo for Infinity