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Question
If a bank has $10 million of checkable deposits, a required reserve ratio of 10 percent, and it holds $2 million in reserves, then it will not have enough reserves to support a deposit outflow of
A) $1.2 million.
B) $1.1 million.
C) $1 million.
D) $900,000.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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