Try another version of this question
Suppose that PNC holds $2800 million in deposits and maintains a reserve ratio of 10%.
What is the amount of PNC's reserves?
Recall that reserve ratio is the fraction of total deposits that a bank holds as reserves.
Suppose that PNC holds $2800 million in deposits and maintains a reserve ratio of 35%.
Given that PNC's assets include only reserves and loans, what is the amount of PNC's loans?
Recall that the reserve ratio is the fraction of total deposits that a bank holds as reserves.
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
280
Box 2: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity
1820