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Assume that a bank has a reserve requirement of 15%.If it has demand deposits of $340,000 and is holding $35,000 in reserves, therefore: Group of

Assume that a bank has a reserve requirement of 15%.If it has demand deposits of $340,000 and is holding $35,000 in reserves, therefore:

Group of answer choices

the bank is short of meeting its reserve requirement by $16,000.

the bank is holding $2,000 in excess reserves.

the bank is holding $12,000 in excess reserves.

the bank is meeting its reserve requirement.

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