1. Consider a bank policy to maintain 12% of deposits as reserves. The bank currently has $10...
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1. Consider a bank policy to maintain 12% of deposits as reserves. The bank currently has $10 million in deposits and holds $400,000 in excess reserves. What is the required reserve on a new deposit of $50,000?
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Related Book For 
Financial Markets And Institutions
ISBN: 9780134519265
9th Edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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