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Suppose that a bank begins with $500 million in deposits and $100 million in reserves and is just ...

Lourd Jenkins

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Suppose that a bank begins with $500 million in deposits and $100 million in reserves and is just ...

Suppose that a bank begins with $500 million in deposits and $100 million in reserves and is just meeting its desired reserve ratio. Now suppose a decrease in the required reserve ratio lowers the desired reserve ratio to 10 percent. After the fall in the desired reserve ratio but before the bank makes any changes, the bank's excess reserves are
A) 0.
B) $400 million.
C) $450 million.
D) $50 million.

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Macroeconomics

Edition: 12^th

Author: Parkin

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jmg89

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6 years ago

More solutions for this book are available here

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bri, dearsophia21

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Lourd Jenkins Author

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6 years ago

Good timing, thanks!

annabananerz

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Yesterday

Thanks

Fleury

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2 hours ago

I appreciate what you did here, answered it right Smiling Face with Open Mouth

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