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Economics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0078021800Economics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0078021800 Exercise 6
If a bank has reserves of $21 million and demand deposits of $200 million, how much are the bank's: (a) required reserves? (b) excess reserves?
Explanation
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Required reserve ratio refers to the pro...
Economics 11th Edition by Stephen Slavin
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