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Suppose the ABC bank has excess reserves of $4,000 and outstanding demand deposits of $80,000.If the desired reserve ratio is 25 percent, what is the size of the bank's actual cash reserves?
Los Angeles
A major city in the state of California, USA, known for its entertainment industry, diverse population, and cultural landmarks.
Miles Per Hour
A unit of speed expressing the number of miles traveled in one hour, commonly used in the United States and the UK.
Miles Apart
A figurative expression indicating a significant difference in opinions, positions, or offers.
November and December Sales
Refers to the revenue generated from the sale of goods or services during the months of November and December, often a significant period for retailers due to holiday shopping.
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