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SAT, 30.08.2021 16:00 liyah7771

The Federal Reserve has set the reserve ratio at 10%. Your local bank has deposits of $150 million and reserves of $20 million. How much in excess reserves is the bank holding? zero
$5 million
$15 million
$130 million
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The Federal Reserve has set the reserve ratio at 10%. Your local bank has deposits of $150 million a...
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