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Question 15 A new bank has vault cash of $1.9 million and $9 million in deposits held at its Federal Reserve District Bank. (a) X
Question 15 A new bank has vault cash of $1.9 million and $9 million in deposits held at its Federal Reserve District Bank. (a) X Your answer is incorrect. Try again. If the required reserves ratio is 8 percent, what dollar amount of deposits can the bank have? (Round answer to O decimal places, e.g. 150.) X Bank deposits million LINK TO TEXT Attem (b) The parts of this question must be completed in order. This part will be available when you complete the part above
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