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Business, 16.04.2020 18:43 niasheffield65

The manager of the bank where you work tells you that your bank has $10.9 million in excess reserves. She also tells you that the bank has $203 million in deposits and $164 million in loans. Given this information you find that the reserve requirement must be what percent?

Enter a number rounded to one decimal place. You may assume that the bank does not hold any other assets or liabilities besides reserves, loans, and deposits.

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