2. A commercial bank has $100 million in checkable-deposit liabilities and $12 million in actual reserves. The

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2. A commercial bank has $100 million in checkable-deposit liabilities and $12 million in actual reserves. The required reserve ratio is 10 percent. How big are the bank’s excess reserves? LO35.2

a. $100 million.

c. $12 million.

b. $88 million.

d. $2 million.

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Economics

ISBN: 9781259723223

21st Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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Question Posted: Sep 30, 2024 10:04 AM

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2. A commercial bank has $100 million in checkable-deposit liabilities and $12 million in actual reserves. The

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Economics

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