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Table 21-6. -Refer to Table 21-6.If the Fed Requires a Reserve Ratio

question 280

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Table 21-6.
Table 21-6.    -Refer to Table 21-6.If the Fed requires a reserve ratio of 6 percent,then what quantity of excess reserves does the Bank of Springfield now hold? A)  $1,200 B)  $2,400 C)  $2,880 D)  $4,800
-Refer to Table 21-6.If the Fed requires a reserve ratio of 6 percent,then what quantity of excess reserves does the Bank of Springfield now hold?


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