Use the following to answer questions:
-(Table: ABC Bank's Balance Sheet) Look at the table ABC Bank's Balance Sheet. The bank is holding excess reserves of:

Name: Use the following to answer questions: -(Table: ABC Bank's Balance Sheet) Look at the table ABC Bank's Balance Sheet. The bank is holding excess reserves of:
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Question

Use the following to answer questions: 
-(Table: ABC Bank's Balance Sheet) Look at the table ABC Bank's Balance Sheet. The bank is holding excess reserves of:

Quizplus · Accepted Answer

Excess reserves are calculated as total reserves minus required reserves. If the table shows total reserves and required reserves, the difference is $5 million.

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