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