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Given the Balance Sheet Below and Assuming a Required Reserve

question 244

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Given the balance sheet below and assuming a required reserve ratio of 20 percent,how much (in dollar terms) is this bank holding in excess reserves?
Given the balance sheet below and assuming a required reserve ratio of 20 percent,how much (in dollar terms) is this bank holding in excess reserves?   A)  $3.5 million B)  $8 million C)  $15 million D)  $19 million E)  $35 million


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