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Suppose a banking system with the following balance sheet has no excess reserves. What is the reserve requirement ratio?Enter your answer in percent form and

Suppose a banking system with the following balance sheet has no excess reserves. What is the reserve requirement ratio?Enter your answer in percent form and to one decimal place. For example, if your answer is 0.034(3.4%) then enter 3.4Assets(in Billions)Liabilities(in Billions)Total reserves $ 30 Transactions accounts $400 Securities $190 Loans $180 Total $400 Total $400

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