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Question 15 3 pts The bank has: $3,600 in reserves; $30,000 in deposits; $24,400 in loans; and $2,000 in government issued bonds. If the bank
Question 15 3 pts The bank has: $3,600 in reserves; $30,000 in deposits; $24,400 in loans; and $2,000 in government issued bonds. If the bank is holding no excess reserves, what is the required reserve ratio? % Consider the following transactions: 0 People deposit $1,000 a People use their debit cards at Target for a total of $200 a The bank sells a $800 government bond After all of the transactions are entered on the balance sheet, and before any new loans are made, what is the value of: Required reserves Excess reserves Enter whole numbers
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