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jadelga3 jadelga3
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2 months ago
The following table lists some statistics on Boring Bank.

CategoryAmount (dollars)
Reserves________
Demand deposits200
Long-term debt________
Cash equivalents80
Short-term borrowing95
Long-term investments230

Refer to the table above. If Boring Bank faces a required reserve ratio of 10 percent and has twice as many excess reserves as required reserves, how many total assets does Boring Bank have?

▸ $430

▸ $490

▸ $370

▸ $570
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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otis24otis24
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2 months ago
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$370
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jadelga3 Author
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2 months ago
Smart ... Thanks!
bahajo
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Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
djeghri
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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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