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A new bank has vault cash of $1.9 million and $5 million in deposits held at its Federal Reserve District Bank. Bank deposits total $86

A new bank has vault cash of $1.9 million and $5 million in deposits held at its Federal Reserve District Bank.

Bank deposits total $86 million (Part A)

b. If the bank holds $71 million in deposits and currently holds bank reserves such that excess reserves are zero, what required reserves ratio is implied?

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