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valputin valputin
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Posts: 5754
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3 years ago
A bank has excess reserves of $1,000 and demand deposit liabilities of $80,000 when the reserve requirement is 25 percent. If the reserve requirement is lowered to 20 percent, the bank's excess reserves will be
A) $1,000.
B) $5,000.
C) $8,000.
D) $9,000.
Textbook 

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
Author:
Read 94 times
4 Replies
Our course uses > The Economics of Money, Banking and Financial Markets
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MeelaMeela
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3 years ago
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3 years ago
This is great!
Our course uses > The Economics of Money, Banking and Financial Markets
wrote...
3 years ago
Great! Happy to be right Face with Stuck-out Tongue
wrote...
A week ago
Thank you for the help!
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