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\" Reserves $40 Deposits $500 Loans $460 Total $ 500 Based on the balance sheet above, what is the bank's reserve ratio? O a} 25% Six of Canada's 13 chartered banks account for over 90% of the country's total banking assets. This is why economists refer to the banking industry as: ()a) monopolistically competitive O b) a perfectly competitive one ( c) monopolistic in nature O d) an oligopolyTYPE OF MONEY AMOUNT OF MONEY Currency outside $80 billion chartered banks Currency inside $20 billion chartered banks Demand deposits $21 billion Personal savings and $231 billion non-personal notice deposits Foreign currency $1 billion deposits in Canadian hands Given the data in the table above "What is M1?" a) $41 billion O b) $20 billion O c) $42 billion O d) $101 billion