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Assets:Liabilities:Reserves$120Deposits$1200Loans$1080 Refer to the Table 10-3. If the Bank of Canada requires banks to hold 5 percent of deposits as reserves, how much in excess

Assets:Liabilities:Reserves$120Deposits$1200Loans$1080

Refer to the Table 10-3. If the Bank of Canada requires banks to hold 5 percent of deposits as reserves, how much in excess reserves does the Bank of Kamloops now hold?

a.$5b.$65c.$25d.$60

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