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If a bank has $100,000 in checkable deposits, reserves of $20,000, and no excess reserves, then the required reserve ratio is: a. 25 percent b.
If a bank has $100,000 in checkable deposits, reserves of $20,000, and no excess reserves, then the required reserve ratio is:
a. 25 percent
b. 30 percent
c. 20 percent
d. 50 percent
e. 10 percent.
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