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Table 10-3 The Following Information Pertains to the Bank of Kamloops

Question 78

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Table 10-3
The following information pertains to the Bank of Kamloops. Table 10-3 The following information pertains to the Bank of Kamloops. -Refer to the Table 10-3.If the Bank of Canada requires banks to hold 5 percent of deposits as reserves,how much in excess reserves does the Bank of Kamloops now hold? A) $5 B) $25 C) $60 D) $65
-Refer to the Table 10-3.If the Bank of Canada requires banks to hold 5 percent of deposits as reserves,how much in excess reserves does the Bank of Kamloops now hold?


A) $5
B) $25
C) $60
D) $65

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