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Business, 26.10.2020 16:40 damienlopezram

The manager of the bank where you work tells you that your bank has $6 million in excess reserves. She also tells you that the bank has $400 million in deposits and $362 million in loans. Given this information you find that the reserve requirement must be a. 11 percent. b. 8 percent. c. 9.5 percent. d. 1.7 percent.

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