Refer to the Information Below

question 278

Multiple Choice

Refer to the information below. The chartered banking system has excess reserves of: Consolidated balance sheet for the chartered banking system. Assume the desired reserve ratio is 30 percent. All figures are in billions.

• A) $9 billion.
• B) $7 billion.
• C) $6.1 billion.
• D) $5 billion.

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Older People

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Retirement Years

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