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Reptor Reptor
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6 years ago
Assuming a required reserve ratio of 8%, interest rate on reserves of 0.5%, and interest rate on loans of 4%, what is the effective cost of the reserve requirement on a $1,000 deposit?
A) 0.05%
B) 0.28%
C) 0.32%
D) 4%
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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Wars-Like-ThisWars-Like-This
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6 years ago
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Reptor Author
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6 years ago
Thanks
decibul
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Yesterday
Thanks for your help!!
lierac00
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2 hours ago
You make an excellent tutor!
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