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shahabkhon shahabkhon
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2 years ago
Scenario: Amateur Bank is just starting out and has had the following transactions:

• Amateur Bank takes out a $3,000 loan from Pro Bank.
• Amateur bank has $2,500 invested in building and operations.
• Suzie deposits $1,200.
• Joe deposits $750.
• Robbie takes out a loan for $900.
• Jackie takes out a business loan for $625.
• Amateur Bank invests $1,000 in GoPro.


Refer to the scenario above. If the required reserve ratio is 10 percent, then how much must Amateur bank keep in its reserves?

▸ $285

▸ $75

▸ $120

▸ $195
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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babolat00babolat00
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2 years ago
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