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The Following Table Lists Some Statistics on Boring Bank

Question 5

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The following table lists some statistics on Boring Bank.
The following table lists some statistics on Boring Bank. -Refer to the table above.If Boring Bank faces a required reserve ratio of 10 percent and has twice as many excess reserves as required reserves,how much in total reserves does the bank have? A) $20 B) $40 C) $60 D) $100
-Refer to the table above.If Boring Bank faces a required reserve ratio of 10 percent and has twice as many excess reserves as required reserves,how much in total reserves does the bank have?


A) $20
B) $40
C) $60
D) $100

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