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If a Bank's Required Reserves Equal $270, 000, No Excess

Question 63

Multiple Choice

If a bank's required reserves equal $270, 000, no excess reserves are held, and the reserve requirement is equal to 18 percent, what is the value of the bank's total deposits?


A) $900, 000
B) $1, 500, 000
C) $48, 000
D) $486, 000
E) $150, 000

Correct Answer:

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