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The reserve ratio is 19.20%. The amount of deposits equals $781. The required reserve ratio is 8.40%. What is the amount of excess reserves for

The reserve ratio is 19.20%. The amount of deposits equals $781. The required reserve ratio is 8.40%. What is the amount of excess reserves for this bank? A. $84.35 B. $149.95 C. $65.60 D. $215.56

I want to know the formula and different between required reserve ratio and reserve ratio.

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