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Macroeconomics + Economy 2009 Update 9th Edition by Stephen Slavin
Edition 9ISBN: 978-0077354206Macroeconomics + Economy 2009 Update 9th Edition by Stephen Slavin
Edition 9ISBN: 978-0077354206 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...
Macroeconomics + Economy 2009 Update 9th Edition by Stephen Slavin
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