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Question 1

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?

Hint 816

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 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?

Hint 1080

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