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Assuming That the Reserve Ratio Is 10%, What Amount of Excess

Question 62

Multiple Choice

Assuming that the reserve ratio is 10%, what amount of excess reserves are held by with the bank balance sheet listed below?
Assuming that the reserve ratio is 10%, what amount of excess reserves are held by with the bank balance sheet listed below? A) zero  B) $240,000  C) $280,000  D) $320,000


A) zero 
B) $240,000 
C) $280,000 
D) $320,000

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