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A bank has $50 million of total reserves and $400 million of total deposits. If the banks reserve requirement is 10%, what are the banks
A bank has $50 million of total reserves and $400 million of total deposits. If the banks reserve requirement is 10%, what are the banks excess reserves?
$10 million
$30 million
$20 million
$40 million
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Structured Finance And Insurance
Authors: Christopher L. Culp
2nd Edition
0471706310, 978-0471706311
