Business, 29.11.2021 22:40 24lbriscoe

First National Bank has $160 million in checkable deposits, $30 million in deposits with the Federal Reserve, $10 million cash in the bank vault, and $10 million in government bonds. If the minimum reserve ratio is 20%, how much is the bank required to keep in reserves

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First National Bank has $160 million in checkable deposits, $30 million in deposits with the Federal...

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