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If Reserves Equal $29 Million and Vault Cash Equals $29

Question 54

Multiple Choice

If reserves equal $29 million and vault cash equals $29 million,it follows that


A) bank deposits at the Federal Reserve equal $29 million.
B) currency in the hands of the public equals $29 million.
C) excess reserves equal $10 million.
D) bank deposits at the Federal Reserve equal $0.
E) There is not enough information to answer the question.

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