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Title: The desired reserve ratio is 10 percent. Joe deposits $1,000 in Bank A. Bank A keeps its minimum des Post by: Loraine on Jun 22, 2015 The desired reserve ratio is 10 percent. Joe deposits $1,000 in Bank A. Bank A keeps its minimum desired reserves and lends the excess to Fred. Fred spends his loan at J.C. Penney. J.C. Penney deposits the check it receives from Fred in Bank B. Bank B keeps its minimum desired reserves and lends the excess to Mary. How much can Bank B lend to Mary?
A) $900 B) $90 C) $810 D) $100 E) $1,000 Title: Re: The desired reserve ratio is 10 percent. Joe deposits $1,000 in Bank A. Bank A keeps its minimum Post by: Sydnie on Jul 10, 2015 Content hidden
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