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banggedung banggedung
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5 years ago

Question 1.

The Bank of Biscayne has $12 million in deposits and $800,000 in reserves. If the required reserve ratio is 5%, excess reserves are equal to



▸ $720,000.

▸ $600,000.

▸ $200,000.

▸ $40,000.

Question 2.

The Bank of Mesquite has $2 million in deposits and $550,000 in reserves. If excess reserves are equal to $150,000, the required reserve ratio is



▸ 15%.

▸ 20%.

▸ 35%.

▸ 65%.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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dnlee1dnlee1
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5 years ago
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banggedung Author
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5 years ago
Helped a lot
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You make an excellent tutor!
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Just got PERFECT on my quiz
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