Shamiyah6893 Shamiyah6893

30-11-2022
Business

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If the reserve ratio is 10% and a bank accepts $50,000 in demand deposits from the public, then it would have to keep $______ as reserves.
Blank 1: 5000 or 5,000

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03-12-2022

A bank would need to hold $5,000 in reserves if the reserve ratio was 10% and it accepted $50,000 in demand deposits from the public.

Demand deposit accounts (DDAs) are types of bank accounts that permit sudden withdrawals of money deposited there. at any time. DDA accounts can choose to pay interest on deposited funds, but they are not required to. Savings and checking accounts are typical DDA kinds. A demand deposit can be accessed at any time and any amount of money can be taken out without notifying the bank first. Until the lock period is over, a term deposit cannot be accessed in any way. Term deposits cannot be withdrawn until the maturity date has passed.

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