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A bank has $250,000 in checkable deposits. The required reserve ratio is 15%.The bank currently has $50,000 in its reserve account. What are the required

A bank has $250,000 in checkable deposits. The required reserve ratio is 15%.The bank currently has $50,000 in its reserve account.

What are the required reserves?

Do not include a dollar sign in your answer.Only enter the numerical value

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