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A new bank has vault cash of $ 3 million and $ 8 million in deposits held at its Federal Reserve District Bank.If the required
A new bank has vault cash of $ million and $ million in deposits held at its Federal Reserve District Bank.If the required reserves ratio is percent, what dollar amount of deposits can the bank have?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
9th Edition
125972266X, 9781259722660
