9 A bank has $200,000 in deposits and $10,000 in cash. The reserve requirement is 4 percent....

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9 A bank has $200,000 in deposits and $10,000 in cash.

The reserve requirement is 4 percent. The bank’s required reserves are , and its excess reserves are .

■

a. $400; $199,600

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b. $199,600; $400

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c. $8,000; $192,000

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d. $2,000; $8,000

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e. $8,000; $2,000

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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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Question Posted: Jul 10, 2024 10:00 AM

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9 A bank has $200,000 in deposits and $10,000 in cash. The reserve requirement is 4 percent....

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Fundamentals Of Economics

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