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Home Q & A Board Other Fields Homework Help Business Economics
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Mandolina Mandolina
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7 years ago
Assume that the reserve requirement is 20 percent and that all banks in the system are "loaned-up" (have no excess reserves). If an individual deposits $10,000 in currency in a checking account at Bank A, the banking system has excess reserves of
A) $10,000.
B) $8,000.
C) $2,000.
D) $50,000.
E) $12,000.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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Mandolina Author
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#2
7 years ago
This business course was seriously killing me
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