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Macroeconomics 6th Edition by Robert Hall,Marc Lieberman
Edition 6ISBN: 978-1111822354Macroeconomics 6th Edition by Robert Hall,Marc Lieberman
Edition 6ISBN: 978-1111822354 Exercise 5
Suppose accountants at Mid-Size National Bank (Table 1) discover that they've made an error: Cash in vault is only $8 million, not $10 million.
a. Which other entries in the bank's balance sheet will change as a consequence of discovering this error?
b. If the required reserve ratio is 0.10, does this bank now have excess reserves or deficient reserves? Of what value?
Reference:
a. Which other entries in the bank's balance sheet will change as a consequence of discovering this error?
b. If the required reserve ratio is 0.10, does this bank now have excess reserves or deficient reserves? Of what value?
Reference:
Explanation
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(a)Changes in the cash in vault affect o...
Macroeconomics 6th Edition by Robert Hall,Marc Lieberman
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