anonymous
  • anonymous
Will somebody help me?????????????????????????????????????????????//
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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schrodinger
  • schrodinger
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
anonymous
  • anonymous
what is ur question?
anonymous
  • anonymous
With a deposit of $500, assuing that the bank places entire amount into LR, both demand deposits and LR increase by $500. Thus RR=$150($1,500 X0.1) and LR=$600. Excess reserves (ER) now equal $450($600-$150), which is the amount the bank can lend.

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anonymous
  • anonymous
what is your question - this is not asking anything
anonymous
  • anonymous
At the start required reserved (RR)=legal reserves (LR)=$100($1,000 X0.1) With a deposit of $500, assuing that the bank places entire amount into LR, both demand deposits and LR increase by $500. Thus RR=$150($1,500 X0.1) and LR=$600. Excess reserves (ER) now equal $450($600-$150), which is the amount the bank can lend.
anonymous
  • anonymous
the bank can only lend from the excess reserves - calculations are correct.
anonymous
  • anonymous
so the answer is what?
precal
  • precal
did you try to post this in the finance study group?
anonymous
  • anonymous
no but i'm going to try.. Where do I go to post it in the finance study group

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