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What is the solution to number 7? Wk 5 - Apply: Quiz [due day 7] i Saved Help Save & Exit Submit 7 MC Qu.

What is the solution to number 7?
Wk 5 - Apply: Quiz [due day 7] i Saved Help Save & Exit Submit 7 MC Qu. 35-24 (Algo) Suppose the ABC bank has excess... Suppose the ABC bank has excess reserves of $3,000 and checkable deposits of $50,000. If the reserve requirement is 20 percent, what is the size of the bank's actual reserves? 10 points Skipped Multiple Choice eBook O $13,000 O $7,000 O $53,000 O $10,000

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