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6 years ago
Assuming a required reserve ratio of 5%, interest rate on reserves of 1%, and interest rate on loans of 6%, what is the effective cost of the reserve requirement on a $10,000 deposit?
A) 0.05%
B) 0.25%
C) 0.30%
D) 1%
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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