Multiple Choice
If a bank has a required reserve ratio of 20 percent and has required reserves of $300,000,000,how much does the bank hold in deposits?
A) $33,750,000
B) $60,000,000
C) $360,000,000
D) $1,500,000,000
E) There is not enough information to solve this problem.
Correct Answer:
Verified
Correct Answer:
Verified
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