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A chartered bank has desired reserve of $6000 and the reserve ratio is 20 percent. What are the chartered bank's demand-deposit liabilities? Multiple Choice $1,200
A chartered bank has desired reserve of $6000 and the reserve ratio is 20 percent. What are the chartered bank's demand-deposit liabilities?
Multiple Choice
- $1,200
- $9,000
- $30,000
- $120,000
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Principles Of Microeconomics 2e By OpenStax
Authors: OpenStax
2nd Edition
1947172344, 978-1947172340
