Order
Toll-free 24/7:
+1 725-224-8795
Order

Bank’s Excess Reserve Position Assignment

Author:
February 16th, 2020

Norm Mining Funding Corp. is a bank with US$50,000 mil. in deposits. It has US$7,000 mil. in reserves, 43,000 mil. in loans, and has a required reserve ratio of 10%. The central bank increases the reserve requirement to 15%. What is the bank’s excess reserve position (i.e. how much does it have of excess reserves) in millions of US$? Get Finance homework help today

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Australia Assessments
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Computer science
Good paper approach.
Customer 462387, April 4th, 2022
Management
Excellent work. Very grateful. Thank you. Will use again.
Customer 454227, April 4th, 2020
Social Sciences
None
Customer 453751, June 14th, 2020
Business and administrative studies
Thank you!
Customer 453187, March 2nd, 2022
Medicine
Great job.
Customer 463301, November 14th, 2022
Marketing
Did an excellent job on the paper!
Customer 463095, June 22nd, 2022
English 101
Excellent work.
Customer 460547, April 5th, 2022
Marketing
This is one of the best papers I have had written for me and I am so happy this will ensure I get a good grade.
Customer 453633, February 27th, 2020
Nursing
poor service
Customer 453627, January 24th, 2020
Education
Always proofread before submitting to eliminate minor errors.
Customer 462495, April 3rd, 2022
Human Resources Management (HRM)
Thank you for this excellent power point
Customer 453633, February 24th, 2020
Education
Excellent.
Customer 454463, April 25th, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat