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The Friendly National Bank holds $50 Million in reserves at its federal reserrve district bank. The required reserves ratio is 12 percent. If the bank

The Friendly National Bank holds $50 Million in reserves at its federal reserrve district bank. The required reserves ratio is 12 percent. If the bank has $600 million in deposits, what amount of vault cash would be needed for the bank to be in compliance with the required reserves ratio

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