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answer the question and explain There is a large number of banks in the US, so banking industry is perfectly competitive Question 12 (1 point)

answer the question and explain
There is a large number of banks in the US, so banking industry is perfectly competitive Question 12 (1 point) Bank holds $25b of checkable deposits, $10b of time deposits and $3b of reserves. The required reserve ratio is 10%. Is it true that bank has enough reserves to satisfy the required reserve ratio

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