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Hareplity Hareplity
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A year ago
Reserves, Deposits and the Money Multiplier

Your bank has $180 million in deposits. The bank is meeting its reserve requirement, has $30 million in reserves, and has no excess reserves. The bank faces a required reserve ratio of ________. (Round to the nearest hundredth when appropriate.)

▸ 54%

▸ 15%

▸ 6%

▸ 16.67%
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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mkql12mkql12
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A year ago
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Hareplity Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
annielin111
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this is exactly what I needed
ealvino1610
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2 hours ago
This helped my grade so much Perfect
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