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Business, 26.09.2019 23:20 biasmi70

The people's bank has $1 million in loans, $2 million in checkable deposits, and $300,000 in reserves. if the reserve ratio set by the federal reserve is 0.2, then the additional amount of must be held as reserves.
a. $60,000
b. $200,000
c. $100,000
d. $600,000

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The people's bank has $1 million in loans, $2 million in checkable deposits, and $300,000 in reserve...

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