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Question
The FUN Bank has no excess reserves when a new deposit of $20,000 is made. The desired reserve ratio is 5 percent. After the deposit, but before making any loans, how much does The FUN Bank have in excess reserves?A) $1,000
B) $20,000
C) $9,000
D) $19,000
E) $21,000
Answer
This answer is hidden. It contains 1 characters.
Related questions
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E) the population keeps growing.
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