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Business, 06.12.2019 06:31 morgannwaldrupp

"a commercial bank has actual reserves of $1 million and checkable-deposit liabilities of $9 million, and the required reserve ratio is 10 percent. the excess reserves of the bank are:
a) $100,000.
b) $1 million.
c) $900,000.
d) $50,000."

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