Futures Bank Has $5,000 in Excess Reserves and a Reserve

question 49

Essay

Futures Bank has $5,000 in excess reserves and a reserve ratio of 10%.Now suppose Futures Bank makes a loan of $5,000 to Sandra and she writes a cheque to Scott who a)deposits the cheque into his account at Futures Bank.What is the amount of excess reserves for Futures Bank? Explain.b)deposits the cheque into his account at Swaps Bank.What is the amount of excess reserves for Futures Bank? Explain.

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African American

A term referring to Americans with ancestry from the black racial groups of Africa; it is used primarily within the United States.

Variability

The extent to which data points in a set differ from each other and from their average.

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Individuals who answer or respond to a survey or poll.

African American

A term referring to Americans of African descent, particularly those whose ancestors were enslaved and brought to the United States.