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The Table Given Below Records the Amount of New Deposits

Question 68

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The table given below records the amount of new deposits, the value of required reserves, and total amount loaned out by Banks 1, 2, and 3. Table 12.3
The table given below records the amount of new deposits, the value of required reserves, and total amount loaned out by Banks 1, 2, and 3. Table 12.3 Refer to Table 12.3.What is the reserve requirement? A) 11 percent B) 90 percent C) 10 percent D) 9 percent E) 19 percent Refer to Table 12.3.What is the reserve requirement?


A) 11 percent
B) 90 percent
C) 10 percent
D) 9 percent
E) 19 percent

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