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Business, 01.07.2021 05:20 amiechap12

bank holds ​$10 for every​ $100 in deposits. The bank wants to hold ​$9 for every​ $100 in deposits. The bank holds desired reserves of ​$7 comma 000 and actual reserves of ​$12 comma 000 . What is the actual reserve​ ratio, the desired reserve​ ratio, and the excess reserves ​?

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bank holds ​$10 for every​ $100 in deposits. The bank wants to hold ​$9 for every​ $100 in deposits....
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