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Bank a Has Checkable Deposits of $900,000 and Total Reserves

Question 149

Multiple Choice

Bank A has checkable deposits of $900,000 and total reserves of $112,000.If the required reserve ratio is 8 percent,the bank has excess reserves of

A) $40,000.
B) $72,000.
C) $13,440.
D) $4,000.

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