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Suppose a credit union has checkable deposits of $500,000 and the legal reserve ratio is 10 percent. If the institution has excess reserves of$5,000, then

Suppose a credit union has checkable deposits of $500,000 and the legal reserve ratio is 10 percent. If the institution has excess reserves of$5,000, then its actual reserves are Multiple Cholce $55000. $45,000. $5,000. $50000. 0000

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