Key in the banking number

Exercise and reference answers

Questions

1. Answer

   1935

   Question

   In which year did India get its central bank?

2. Answer

   80

   Question

   With a 20 per cent reserve ratio, how much of a 100 deposit can the bank lend?

3. Answer

   500

   Question

   With a 20 per cent reserve ratio, 100 of reserves can support total deposits of how much?

4. Answer

   400

   Question

   If the reserve ratio rises to 25 per cent, 100 of reserves supports deposits of how much?

Instructions

Work out each answer and key it in on the pad.

Explanation