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dskmvld dskmvld
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5 years ago

Question 1.

Neon Bank has $300 million in deposits. The required reserve ratio is 25%. Neon Bank must keep ________ in reserves.



▸ $275 million

▸ $145 million

▸ $120 million

▸ $75 million

Question 2.

The Intracoastal Bank has $5 million in deposits and $500,000 in reserves. If the required reserve ratio is 5%, excess reserves are equal to



▸ zero.

▸ $125,000.

▸ $250,000.

▸ $500,000.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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cooldawg69cooldawg69
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dskmvld Author
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#2
5 years ago
Smart ... Thanks!
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