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This question is worth 2 points, 1 point for each question. a. ABC Bank has $130,000 of checkable deposits. If the Federal Reserve has a
This question is worth 2 points, 1 point for each question. a. ABC Bank has $130,000 of checkable deposits. If the Federal Reserve has a reserve requirement of 8 percent, what is the required reserves? $ b. XYZ Bank has required reserves of $42,400 and excess reserves of $487,600, what is the amount of actual reserves? $
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Financial statements
Authors: Stephen Barrad
5th Edition
978-007802531, 9780324186383, 032418638X
