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Business, 10.11.2019 02:31 alexianunez15

Suppose that from a new checkable deposit, first national bank holds two million dollars in vault cash, nine million dollars in excess reserves, and faces a required reserve ratio of ten percent. given this information, we can say first national bank has million dollars in required reserves. a) oneb) twoc) eightd) ten

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Suppose that from a new checkable deposit, first national bank holds two million dollars in vault ca...
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