Lenah8834 Lenah8834

02-01-2024
Business

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If the desired reserve ratio is 3 percent and deposits totaled $5.75 billion, banks hold__
a. $192 million in reserves.
b. $172.5 million in excess reserves.
c. $172.5 million in reserves.
d. $0.1725 million in excess reserves.
e. $0.1725 million in reserves.

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