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Table 29-7. -Refer to Table 29-7. If the Fed Requires a Reserve

Question 314

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Table 29-7. Table 29-7. -Refer to Table 29-7. If the Fed requires a reserve ratio of 6 percent, then what quantity of excess reserves does the Bank of Springfield now hold? A) $9,600 B) $10,800 C) $10,200 D) $9,000
-Refer to Table 29-7. If the Fed requires a reserve ratio of 6 percent, then what quantity of excess reserves does the Bank of Springfield now hold?


A) $9,600
B) $10,800
C) $10,200
D) $9,000

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