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-Refer to Table 10-2

question 13

Multiple Choice

  -Refer to Table 10-2. If the reserve requirement is 30 percent, what is this bank's reserve position? A)  It has $29,000 of excess reserves. B)  It needs $10,000 more in reserves to meet its reserve requirement. C)  It needs $27,500 more in reserves to meet its reserve requirement. D)  It just meets its reserve requirement.
-Refer to Table 10-2. If the reserve requirement is 30 percent, what is this bank's reserve position?


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