Business, 26.05.2021 17:30 cicimarie2018
Suppose that from a new checkable deposit, J. P. Morgan Bank holds 10 million dollars in vault cash, 100 million dollars on deposit with the Federal Reserve, and eight million dollars in required reserves. Given this information, we can say J. P. Morgan Bank has million dollars in excess reserves.
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Suppose that from a new checkable deposit, J. P. Morgan Bank holds 10 million dollars in vault cash,...
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