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W5 Q5 Suppose the ABC bank has excess reserves of $3,000 and checkable deposits of $50,000. If the reserve requirement is 10 percent, what is

W5 Q5

Suppose the ABC bank has excess reserves of $3,000 and checkable deposits of $50,000. If the reserve requirement is 10 percent, what is the size of the bank's actual reserves?

a)8,000

b)2,000

c)53,000

d)5,000

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