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Table 29-5 the Following Information Pertains to the Bank of Kingston

Question 28

Multiple Choice

Table 29-5 The following information pertains to the Bank of Kingston.
Table 29-5 The following information pertains to the Bank of Kingston. -Refer to Table 29-5. If the Bank of Canada requires a reserve ratio of 4 percent, how much in excess reserves does the Bank of Kingston now hold? A) $1200 B) $2400 C) $2880 D) $3000
-Refer to Table 29-5. If the Bank of Canada requires a reserve ratio of 4 percent, how much in excess reserves does the Bank of Kingston now hold?


A) $1200
B) $2400
C) $2880
D) $3000

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