shelbs153 shelbs153

17-10-2022
Business

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suppose that the reserve ratio is 6% and applies only to checkable deposits. a bank has noncheckable time deposits of $300 million, checkable deposits of $100 million, and reserves of $8 million. what are the excess reserves of this bank? multiple choice $5.6 million $6 million $2 million $2.4 million

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