The Federal Reserve had set the reserve requirement at 10% of transaction deposits and recently changes the

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The Federal Reserve had set the reserve requirement at 10% of transaction deposits and recently changes the reserve requirement to 15%. Bank ABC currently has $100 in transaction deposits on its balance sheet and assume it reacts to meet the required reserves. Compute the bank new deposit amount after it meets the new requirement, round to 2 decimal places.

Posted Date: Jul 10, 2024 03:04 PM

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The Federal Reserve had set the reserve requirement at 10% of transaction deposits and recently changes the

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