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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 21
If a bank has total deposits of $100,000 with $10,000 set aside to meet reserve requirements of the Fed, its required reserve ratio is
A) $10,000.
B) 10 percent.
C) 0.1 percent.
D) 1 percent.
A) $10,000.
B) 10 percent.
C) 0.1 percent.
D) 1 percent.
Explanation
Verified
Verified
Required reserve rat...
Economics for Today 9th Edition by Irvin Tucker
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