Business, 25.06.2021 01:00 katzLovez

Bank ABC has checkable deposits of $415 million and total reserves of $50 million. The required reserve ratio is 9 percent. The bank has excess reserves of Group of answer choices $14,550,000. $12,650,000. $365,000,000. There is not enough information provided to answer this question. $45,500,000.

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Bank ABC has checkable deposits of $415 million and total reserves of $50 million. The required rese...

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