A commercial bank has reserves of $308, loans of $1,092 and checkable deposits of $1,400. At the

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A commercial bank has reserves of $308, loans of $1,092 and checkable deposits of $1,400. At the current required reserve ratio, this bank claims to have exactly zero excess reserves. Then the required reserve ratio must be?

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Posted Date: Mar 06, 2024 05:26 AM

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A commercial bank has reserves of $308, loans of $1,092 and checkable deposits of $1,400. At the

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The required reserve ratio RRR is the percentage of deposits that banks are ... View the full answer

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