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Suppose the ABC bank has excess reserves of $1,000 and checkable deposits of $20,000. If the reserve requirement is 20 percent, what is the size

Suppose the ABC bank has excess reserves of $1,000 and checkable deposits of $20,000. If the reserve requirement is 20 percent, what is the size of the bank's actual reserves? Multiple Choice O $5,000 O $3,000 O $21,000 O $4,000

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