lanehaley895 lanehaley895
  • 17-04-2024
  • Business
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If excess reserves in the banking system are $4,000, demand deposits are $40,000, and the desired reserve ratio is 10 percent, then actual cash reserves:
a) Are $8,000.
b) Cannot be determined from this information.
c) Are $6,000.
d) Are $4,000.

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