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The following information pertains to the Bank of Moncton. Assets: Liabilities: Reserves $7000 Deposits $140,000 Loans $133,000 10. Refer to the Table above. If the
The following information pertains to the Bank of Moncton. Assets: Liabilities: Reserves $7000 Deposits $140,000 Loans $133,000 10. Refer to the Table above. If the Bank of Canada requires a reserve ratio of 4 percent, how much in excess reserves does the Bank of Moncton now hold
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Economics Principles and Policy
Authors: William Baumol, Alan Blinder
13th edition
1305280595, 1305280598, 9781305465626 , 978-1305280595
