Question
The manager of the bank where you work tells you that the bank has $100 million in deposits and $22 million dollars in reserves. If
The manager of the bank where you work tells you that the bank has $100 million in deposits and $22 million dollars in reserves. If the reserve requirement is 8 percent, how much is the bank holding in excess reserves?
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The Americans An Economic Record An Economic Record
Authors: Stanley Lebergott
1st Edition
0393953114, 9780393953114
