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Question
A bank reports reserves of $500,000, physical capital of $200,000, loans of $1,000,000, deposits of $1,000,000, and owners' equity of $500,000. If the desired reserve ratio is 5 percent, the bank's desired reserves areA) $10,000.
B) $25,000.
C) $50,000.
D) $1,000,000.
E) $500,000.
Answer
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