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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 77
If a bank has reserves of $21 million and demand deposits of $200 million, how much are the bank's (a) required reserves? (b) excess reserves?
Explanation
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Required reserve ratio refers to the pro...
Macroeconomics 11th Edition by Stephen Slavin
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