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dex0388 dex0388
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A year ago
The Federal Reserves Tools of Monetary Control

Suppose a bank has $200 million in checking account deposits with no excess reserves and the required reserve ratio is 35%. If the Federal Reserve reduces the required reserve ratio to 5%, then the bank will now have excess reserves of ________.

▸ $10 million

▸ $0

▸ $60 million

▸ $70 million
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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Chintan13Chintan13
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A year ago
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Just got PERFECT on my quiz
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