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    Exam 8: Money, the Price Level, and Inflation
  5. Question
    If Required Reserves Are $150 and Deposits Are $1,000, What
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If Required Reserves Are $150 and Deposits Are $1,000, What

Question 246

Question 246

Multiple Choice

If required reserves are $150 and deposits are $1,000, what is the required reserve ratio?


A) 10 percent
B) 15 percent
C) 5 percent
D) 85 percent

Correct Answer:

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