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Suppose a bank currently has $240,000 in deposits and $23,000 in reserves. The required reserve ratio is 13%. If at the end of the day,
Suppose a bank currently has $240,000 in deposits and $23,000 in reserves. The required reserve ratio is 13%. If at the end of the day, there is an unexpected withdrawal of $4,000 in reserves, what is the bank's resulting reserve ratio ?
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
