Try Another Version of These Questions

Question 1

Suppose that Bank of America holds $1400 million in deposits and maintains a reserve ratio of 34%.

What is the amount of Bank of America's reserves?

Hint 476

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity

Question 2

Suppose that Capital One holds $1600 million in deposits and maintains a reserve ratio of 20%.

Given that Capital One's assets include only reserves and loans, what is the amount of Capital One's loans?

Hint 1280

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity