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aryaelfkind aryaelfkind
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2 months ago
The following table shows the balance sheet for Poor Baby Bank.




Refer to the table above. If the required reserve ratio increases to 25 percent, what could Poor Baby Bank do to satisfy the reserve requirements?

▸ Increase its deposits by $5.

▸ Increase its reserves by $3 by liquidating some of its long-term investments.

▸ Nothing. It has enough reserves.

▸ Increase its reserves by $4.50 by borrowing more from other banks.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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LoveameriahLoveameriah
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2 months ago
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Increase its reserves by $4.50 by borrowing more from other banks.
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aryaelfkind Author
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2 months ago
Just got PERFECT on my quiz
Tim0301
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
mkyoungs
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This site is awesome
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