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Question
If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $1000 billion, and excess reserves total $1 billion, then the excess reserves-checkable deposit ratio is
A) 0.01.
B) 0.10.
C) 0.001.
D) 0.05.
Answer
This answer is hidden. It contains 27 characters.
Related questions
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