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Table 29-4 the Following Information Pertains to the Bank of Edmonton

Question 169

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Table 29-4 The following information pertains to the Bank of Edmonton.
Table 29-4 The following information pertains to the Bank of Edmonton. -Refer to Table 29-4.If the Bank of Canada requires banks to hold 5 percent of deposits as reserves, how much in excess reserves does the Bank of Edmonton now hold? A) $5 B) $25 C) $50 D) $55
-Refer to Table 29-4.If the Bank of Canada requires banks to hold 5 percent of deposits as reserves, how much in excess reserves does the Bank of Edmonton now hold?


A) $5
B) $25
C) $50
D) $55

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