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Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue
Edition 2ISBN: 978-0073511313Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue
Edition 2ISBN: 978-0073511313 Exercise 11
Suppose the National Bank of Commerce has excess reserves of $8000 and outstanding checkable deposits of $150,000. If the reserve ratio is 20 percent, what is the size of the bank's actual reserves
Explanation
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The checkable deposits are the checkbook...
Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue
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