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Question 59

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Use the following to answer questions .
Exhibit: Reserves, Loans, and Money
Use the following to answer questions . Exhibit: Reserves, Loans, and Money -(Exhibit: Reserves, Loans, and Money) The required reserve ratio is 10%. What is the amount of Bolton Bank's required reserves? A) $30 million B) $70 million C) $100 million D) $300 million
-(Exhibit: Reserves, Loans, and Money) The required reserve ratio is 10%. What is the amount of Bolton Bank's required reserves?


A) $30 million
B) $70 million
C) $100 million
D) $300 million

Correct Answer:

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