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Please help 29.A small state bank currently has reserves equal to $500,000. If the state reserve requirement is 10%, but the bank feels more comfortable

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29.A small state bank currently has reserves equal to $500,000. If the state reserve requirement is 10%, but the bank feels more comfortable with maintaining a 20% reserve, a/ [2 pts] What amount of deposits does the bank currently have? 1 pt] What amount of reserves would the bank need to meet the reserve quirement exactly? What would be the excess reserve

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