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Loraine Loraine
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8 years ago
When Grayce deposits $4,000 cash in her checkable deposit at the Beach Bank and the Beach Bank's excess reserves increase by $3,600, the desired reserve ratio is
A) 5 percent.
B) 10 percent.
C) 15 percent.
D) 90 percent.
E) $400.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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Loraine Author
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8 years ago
Brilliant ツ
Gamiung3657
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Smart ... Thanks!
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Just got PERFECT on my quiz
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