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Business, 08.02.2022 20:50 agreisha

Assume that the required reserve ratio is 5%. If a commercial bank has $2 million cash in its vault, $1 million in government securities, $3 million on deposit at the Fed, and $60 million in checkable deposits, then its excess reserves equal:

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Assume that the required reserve ratio is 5%. If a commercial bank has $2 million cash in its vault,...
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