A commercial bank has 100 million in checkable-deposit
A commercial bank has $100 million in checkable-deposit liabilities and $12 million in actual reserves. The required reserve ratio is 10 percent. How big are the bank’s excess reserves? LO33.2a.$100 million.b.$88 million.c.$12 million.d.$2 million.
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a commercial bank has 100 million in checkable-deposit liabilities and 12 million in actual reserves the required
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