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Assume the following information for the entire banking system: Required Reserves Ratio =16% Currency held outside of the banking system = 1,200 Deposits = 900b
Assume the following information for the entire banking system: Required Reserves Ratio =16% Currency held outside of the banking system = 1,200 Deposits = 900b Total Reserves for the entire banking system equal Group of answer choices 1,444b 1,200b 900b None of these answers is correct 144b
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