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Table 10-3 The Following Information Pertains to the Bank of Edmonton

Question 71

Multiple Choice

Table 10-3
The following information pertains to the Bank of Edmonton.
Table 10-3 The following information pertains to the Bank of Edmonton. -Refer to the Table 10-3.If the Bank of Canada requires banks to hold 5 percent of deposits as reserves,how much in excess reserves does the Bank of Edmonton now hold? A) $5 B) $25 C) $50 D) $55
-Refer to the Table 10-3.If the Bank of Canada requires banks to hold 5 percent of deposits as reserves,how much in excess reserves does the Bank of Edmonton now hold?


A) $5
B) $25
C) $50
D) $55

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