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Question
The Banks of the Mississippi has excess reserves of $20,000, desired reserves of $80,000 and the desired reserve ratio is 5 percent. What is the total amount of deposits in this bank?A) $5,000
B) $1,000,000
C) $1,600,000
D) $100,000
E) $180,000
Answer
This answer is hidden. It contains 1 characters.
Related questions
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E) the population keeps growing.
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