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A bank holds $10 for every $100 in deposits. The bank wants to hold $7 for every $100 in deposits. The bank holds actual reserves
A bank holds $10 for every $100 in deposits. The bank wants to hold $7 for every $100 in deposits. The bank holds actual reserves of $28,000 and excess reserves of $15,000. What is the actual reserve ratio, the desired reserve ratio, and the desired reserves? >>> Answer to 2 decimal places. The actual reserve ratio is The desired reserve ratio is
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