Assume that checkable deposits are $500 billion, desired excess reserves are 1 percent of deposits, the required
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Assume that checkable deposits are $500 billion, desired excess reserves are 1 percent of deposits, the required reserve ratio is 10 percent, and the amount of reserves is $50 billion. What is the reserve need to maintain the existing reserve conditions?
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Related Book For 
Financial System Of The Economy Principles Of Money And Banking
ISBN: 9780765622464
5th Edition
Authors: Maureen Burton,Bruce Brown
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