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QUESTION 1 7 Suppose the total money supply equals $ 1 . 2 trillion, and the deposit to currency ratio is 0 . 6 and

QUESTION 17
Suppose the total money supply equals $1.2 trillion, and the deposit to currency ratio is 0.6 and the bank reserves plus cash in circulation equal $600 billion dollars. What is the reserve deposit requirement?
A.10%
B.2%
C.5%
D.50%
E.20%
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