If a bank's reserves equal $422 million and vault cash equals $47 million,it follows that
A) the bank's deposits at the Federal Reserve equal $422 million.
B) currency in the hands of the public equals $375 million.
C) excess reserves equal $42.2 million.
D) the bank's deposits at the Federal Reserve equal $42.2 million.
E) the bank's deposits at the Federal Reserve equal $375 million.
Correct Answer:
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