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9) Suppose that from a new checkable deposit, First National Bank holds two million dollars in nult cash, nine million dollars in excess reserves, and

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9) Suppose that from a new checkable deposit, First National Bank holds two million dollars in nult cash, nine million dollars in excess reserves, and faces a required reserve ratio of ten ercent. Given this information, we can say First National Bank has million dollars in 2 required reserves. A) one B) two C) eight D) ten Answer: A

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