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Supposed a credit union has checkable deposits of $200,000 and the legal reserve ratio is 10 percent. If the institution has excess reserves of $4,000

Supposed a credit union has checkable deposits of $200,000 and the legal reserve ratio is 10 percent. If the institution has excess reserves of $4,000 then its actual reserves are

A. $24,000

B. $16,000

C. $4,000

D. $20,000

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