The Friendly National Bank holds $50 million in reserves at its Federal Reserve District Bank. The required reserves ration is 12 percent. a. If the bank has $600 million in deposits, what amount of vault cash would be needed for the bank to be in compliance with the required reserves ratio? b. If the bank holds $10 million in vault cash, determine the required reserves ratio that would be needed for the bank to avoid a reserve deficit.,I have accepted and waiting for your response. Thank you,I have accepted and waiting for your response. Thank you,Thank you Rachel.
Paper#4080 | Written in 18-Jul-2015Price : $25