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-Refer to Table 10-3

Question 100

Multiple Choice

-Refer to Table 10-3. If the Bank of Canada requires banks to hold 5 percent of deposits as reserves, how much in excess reserves does the Bank of Kamloops now hold? A) $5 B) $25 C) $60 D) $65
-Refer to Table 10-3. If the Bank of Canada requires banks to hold 5 percent of deposits as reserves, how much in excess reserves does the Bank of Kamloops now hold?


A) $5
B) $25
C) $60
D) $65

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