Try Another Version of These Questions Suppose that Bank of America holds $1700 million in deposits and maintains a reserve ratio of 48%.
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 Citi holds $1800 million in deposits and maintains a reserve ratio of 40%.
Given that Citi's assets include only reserves and loans, what is the amount of Citi's loans? Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Question 1
816
Enter DNE for Does Not Exist, oo for Infinity Question 2
1080
Enter DNE for Does Not Exist, oo for Infinity