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Consider a bank policy to maintain 12% of deposits as reserves. The bank currently has $10 million in deposits and holds $400,000 excess reserves. What

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Consider a bank policy to maintain 12% of deposits as reserves. The bank currently has $10 million in deposits and holds $400,000 excess reserves. What is the required reserve on a new deposit of $50,000? Estimates of unemployment for the upcoming year have been developed as follows: What is the expected unemployment rate? The standard deviation? Last modified: Sunday, January 26, 2014, 9:15 PM

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