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Question
Suppose the reserve requirement for transaction deposits is 10% and it is 5% for nontransaction deposits. What is the total reserve requirement for a bank with total deposits equal to $800 million, if $600 million of these deposits are classified as transaction deposits?
a. $80 million
b. $60 million
c. $70 million
d. $100 million
e. None of the above.
Answer
This answer is hidden. It contains 94 characters.
Related questions
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Q:
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52 Weeks Yld Vol Net
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