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Business, 05.03.2020 21:09 wow65

Assume a bank has $5 million in deposits and $1 million in vault cash. If the bank holds $1 million in excess reserves and the required reserves ratio is 8 percent, what level of deposits are being held?

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Assume a bank has $5 million in deposits and $1 million in vault cash. If the bank holds $1 million...
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