Suppose that Serendipity Bank has excess reserves of $14,000 and checkable deposits of $150,000.

If the reserve ratio is 20 percent, what is the size of the bank's actual reserves?

The size of the bank's actual reserves is $44000.

Step-by-step explanation:

The bank has checkable deposits of $150,000 and it has excess reserves of $14,000.

Therefore, the required reserves = 20% of the checkable deposit

= dollars. {As the reserve ratio is 20%}

Now, we know that the bank's actual reserves = The required reserves + The excess reserves

= $(30000 + 14000)

= $44000

Therefore, the size of the bank's actual reserves is $44000. (Answer)

hi there!

first we need to find out how much they are adding to each number to make the next number.

ex: 4 + 4 = 8, 8 + 8 = 16, and so on.

so continuing with 32,

32 + 32 = 64

64 + 64 = 128

128 + 128 = 256

256 + 256 = 512

4, 8, 16, 32, 64, 128, 256, 512

the 8th term of the sequence will be 512

hope this ! ~