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The Bank of NewFoundLand currently is holding checkable deposits that equal $2,344, with loans valued at $2,022 and reserves worth $322. A customer then chooses
The Bank of NewFoundLand currently is holding checkable deposits that equal $2,344, with loans valued at $2,022 and reserves worth $322. A customer then chooses to withdraw $11.02 from her account. If the required reserve ratio is 11%, then what are the bank's required reserves after the withdrawal?
Group of answer choices
24.57
44.64
245.72
256.63
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