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edelynpl edelynpl
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A year ago
The following table shows the balance sheet for Poor Baby Bank.




Refer to the table above. If the required reserve ratio is 20 percent, then how much in excess reserves does Poor Baby Bank have?

▸ $3

▸ $9

▸ $0

▸ $18
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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benschmannbenschmann
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A year ago
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