1 answer

27. The table below shows the Acme Bank's balance sheet. Acme Bank's Balance Sheet Assets Liabilities...

Question:

27. The table below shows the Acme Banks balance sheet. Acme Banks Balance Sheet Assets Liabilities Reserves $20,000 Deposi

27. The table below shows the Acme Bank's balance sheet. Acme Bank's Balance Sheet Assets Liabilities Reserves $20,000 Deposits _ Loans If the required reserve ratio is 25% and the Acme Bank holds no excess reserves, deposits are $15,000. $80,000. O $60,000 O $5,000.

Answers

Given that Reserve Requirement is 25% and the amount in reserves is $20000 , and also as per defination of of reserve requirement is applicable on deposits.

So, Lets deposits be $x

So 25% of x = $20000

therefore x = 20000/.25 = $80000

Note - As given there is no excess reserve

So deposits should be $80000

.

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