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Question
A bank has checkable deposits of $1,000,000, loans of $600,000, and government securities of $400,000. If the required reserve ratio is 5 percent, the amount of required reserves isA) $100,000.
B) $30,000.
C) $50,000.
D) $80,000.
E) $20,000.
Answer
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Related questions
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E) the population keeps growing.
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