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  • A bank has $10 million in vault cash and $110 million in deposits. If total bank reserves were $15...

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    A bank has $10 million in vault cash and $110 million in deposits. If total bank reserves were $15 million with $2 million considered to be excess reserves, what required reserves ratio is implied.
      • 13 years ago
      • 26.10.2012
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      Asma
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