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If NCNB Corp's Deposits Are $12

Question 23

Multiple Choice

If NCNB Corp's deposits are $12.5 billion,its excess reserves are $100 million,and the reserve requirement is 10%,its actual reserves are

A) $100 million.
B) $1.15 billion.
C) $1.25 billion.
D) $1.35 billion.
E) $12.5 billion.

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