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a. ABC Bank has $250,000 of checkable deposits. If the Federal Reserve has a reserve requirement of 5 percent, what is the required reserves? $

a. ABC Bank has $250,000 of checkable deposits. If the Federal Reserve has a reserve requirement of 5 percent, what is the required reserves? $ b. XYZ Bank has required reserves of $88,950 and excess reserves of $504,050, what is the amount of actual reserves? $

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