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If actual cash reserves in the banking system are $11,000, demand deposits are $75,000, and the desired reserve ratio is 12 percent, then excess reserves:

If actual cash reserves in the banking system are $11,000, demand deposits are $75,000, and the desired reserve ratio is 12 percent, then excess reserves: Select one: O a. are $2,000. O b. are $20,000 O.c. are $1,000. O d. are $9000

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