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Cuba Cuba
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8 years ago
Suppose a bank has $10 million in deposits with no excess reserves, and the reserve requirement is 25%. If the Fed reduces the reserve requirement to 20%, the bank will now have excess reserves of
A) $0.
B) $0.5 million.
C) $1.5 million.
D) $2 million.
Textbook 
Economic Analysis of Social Issues

Economic Analysis of Social Issues


Edition: 1st
Author:
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IloveChiIloveChi
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8 years ago
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Cuba Author
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#2
8 years ago
Very, very helpful. Will mark this topic solved.
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#3
8 years ago
Wasn't so hard, referencing the textbook helped.
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