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Question
A bank with $200 million in transaction deposits keeps $20 million in cash in the bank vault, $10 million in deposits at the Fed, and $5 million in government securities in the bank vault. Its total reserves equal
A) $10 million.
B) $20 million.
C) $30 million.
D) $35 million.
Answer
This answer is hidden. It contains 1 characters.
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