Suppose that serendipity bank has excess reserves of 12000
Suppose that Serendipity Bank has excess reserves of $12,000 and check able deposits of $150,000.
If the reserve ratio is 20 percent, what is the size of the bank's actual reserves?
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suppose that serendipity bank has excess reserves of 12000 and check able deposits of 150000if the reserve ratio is 20
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