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Table 29-6. Bank of Springfield

Question 212

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Table 29-6.
Bank of Springfield
Table 29-6. Bank of Springfield -Refer to Table 29-6.If the Fed requires a reserve ratio of 6 percent,then what quantity of excess reserves does the Bank of Springfield now hold? A) $1,200 B) $2,400 C) $2,880 D) $4,800
-Refer to Table 29-6.If the Fed requires a reserve ratio of 6 percent,then what quantity of excess reserves does the Bank of Springfield now hold?


A) $1,200
B) $2,400
C) $2,880
D) $4,800

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