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A bank has $50,000 of checkable deposits and a required reserve ratio of 20 percent. The bank currently holds $40,000 in reserves. How much of
A bank has $50,000 of checkable deposits and a required reserve ratio of 20 percent. The bank currently holds $40,000 in reserves. How much of these reserves are excessreserves?
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Managerial Economics A Problem-Solving Approach
Authors: Luke M. Froeb, Brain T. Mccann
2nd Edition
B00BTM8FK0
