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Question
The Commerce Bank of Beverly Hills has total deposits of $1,000,000 and total reserves of $220,000. The desired reserve ratio is 10 percent. The bank's excess reserves areA) $22,000.
B) $120,000.
C) $100,000.
D) $80,000.
E) $1,000,000.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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E) the population keeps growing.
Q:
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