SUPERBANK has a required reserve ratio of 8%. The bank hold…
SUPERBANK has a required reserve ratio of 8%. The bank holds no excess reserves and required reserves are currently $28 million. If the bank has an outflow of deposits of $9 million dollars, the bank will have a reserve shortage. Calculate the dollar amount of the reserves shortage: Do your work on a blank piece of paper. You will upload this work along with a balance sheet as part of the final question of this exam.