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M&B3 3rd Edition by Dean Croushore
Edition 3ISBN: 978-1285167961M&B3 3rd Edition by Dean Croushore
Edition 3ISBN: 978-1285167961 Exercise 10
The balance sheet of a bank follows. Suppose that the reserve requirement is 3 percent on the fi rst $30 million of checkable deposits and 10 percent on checkable deposits in excess of $30 million. (Amounts on the balance sheet are in millions of dollars.)
Explanation
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a) The excess reserves are the reserves ...
M&B3 3rd Edition by Dean Croushore
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