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nguyenduong67 nguyenduong67
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7 years ago
Suppose that while vacationing in Switzerland, you won 9,375 Swiss francs, which is the equivalent of $8,000. When you return to the United States, you deposit the $8,000 into your checking account. If the required reserve ratio is 15%, this would increase your bank's
A) assets by $1,200.
B) excess reserves by $8,000.
C) required reserves by $8,000.
D) liabilities by $8,000.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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7 years ago
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nguyenduong67 Author
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7 years ago
this is exactly what I needed
Ctownsend
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Yesterday
Brilliant ツ
jbag1237
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2 hours ago
Thanks for your help!!
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