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A chartered bank has demand deposits of $200,000, actual cash reserves of $100,000, and excess reserves of $50,000. What is the bank's desired reserve ratio?
A chartered bank has demand deposits of $200,000, actual cash reserves of $100,000, and excess reserves of $50,000. What is the bank's desired reserve ratio?
A)0.25
B)0.20
C)0.50
D)0.75
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