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A Bank with $200 Million in Deposits Keeps $20 Million

Question 22

Multiple Choice

A bank with $200 million in deposits keeps $20 million of cash in the bank vault,$10 million in deposits at the Bank of Canada,and $5 million in government securities in the bank vault.Its actual reserves equal


A) $10 million.
B) $20 million.
C) $30 million.
D) $35 million.

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