Assume that the reserve requirement is 5% on the first $50 million of deposit accounts and 10%
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Question:
Assume that the reserve requirement is 5% on the first $50 million of deposit accounts and 10% on the excess of these. (“millions of dollars”)
Reserves $ 15.9
Deposits $ 180.0
Loans 150.0
Capital 20.0
Investments 34.1
1- Calculate the bank's excess reserves.
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