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Business, 01.05.2021 04:10 giraffesaur44

Given a reserve requirement of 12.5%, a bank currently meets their reserve requirements with $15,000,000 in excess reserves. If the reserve requirement increases and the bank must hold an additional $1,800,000, by how many percentage points did the reserve requirement increase

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Given a reserve requirement of 12.5%, a bank currently meets their reserve requirements with $15,000...
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