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A depository institutionholds $151 million in required reserves and $11 million in excess reserves. Its remaining assetsinclude $487 million in loans and $145 million in

A depository institutionholds

$151

million in required reserves and

$11

million in excess reserves. Its remaining assetsinclude

$487

million in loans and

$145

million in securities.

Iftheinstitution'sonly liabilities aretransactionsdeposits,calculate the required reserve ratio.

nothing%.

(Enter your response rounded to thenearestinteger.)

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