Ask your own question, for FREE!
Finance
OpenStudy (anonymous):

4-7 It has been determined that, in aggregate, financial institutions with depository accounts currently hold excess reserves equal to $3 billion—that is, they hold $3 billion more than is necessary to meet the reserve requirments associated with existing deposits. The reserve requirment applicable to all deposits is 15 percent. Assume that changes in reserves held by financial institutions affect deposits only ( that is, amount lent out are always redeposited in the financial institutions.) a. All else being equal, what would be the effect on deposits if financial institutions immediately

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Latest Questions
Mathplayer223: chemistry
33 minutes ago 2 Replies 0 Medals
Trickjoker: I HAVE FOUND OUT THE ASHWIN THING!!!
22 minutes ago 20 Replies 1 Medal
Foreverangel: Find RT 10 m 13m 14 m 16 m
12 minutes ago 10 Replies 1 Medal
Trickjoker: Which mod on QC is named ashwin?
32 minutes ago 54 Replies 0 Medals
Mathplayer223: chemistry
44 minutes ago 4 Replies 0 Medals
Mathplayer223: chemistry
57 minutes ago 2 Replies 0 Medals
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!