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Table 29-5 -Refer to Figure 29-5.If the Fed Requires a Reserve Ratio

Question 15

Multiple Choice

Table 29-5
Table 29-5 -Refer to Figure 29-5.If the Fed requires a reserve ratio of 4%,how much in excess reserves does the Bank of Springfield now hold? A) $1,200 B) $2,400 C) $2,880 D) $3,000
-Refer to Figure 29-5.If the Fed requires a reserve ratio of 4%,how much in excess reserves does the Bank of Springfield now hold?


A) $1,200
B) $2,400
C) $2,880
D) $3,000

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