Essay
If a bank has reserves of $100 million and demand deposits of $700 million,how much are the bank's (a)required reserves and (b)excess reserves?
Correct Answer:

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(a)
$10.7 x 0.0 = $00
$44.5 x ...View Answer
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Correct Answer:
Verified
(a)
$10.7 x 0.0 = $00
$44.5 x ...
$10.7 x 0.0 = $00
$44.5 x ...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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