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Total Reserves $80,000,000; Reserve Requirement 5%; Total Deposits $700,000,000. Using the data above, the level of excess reserves is $ 4,000,000 $ 45,000,000 $ 70,000,000
Total Reserves $80,000,000; Reserve Requirement 5%; Total Deposits $700,000,000. Using the data above, the level of excess reserves is
| $ 4,000,000 | ||
| $ 45,000,000 | ||
| $ 70,000,000 | ||
| not ascertainable |
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Derivatives Markets
Authors: Robert L. McDonald
2nd Edition
032128030X, 978-0321280305
