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Author Question: The required reserves of a bank are determined by multiplying the bank's checkable deposits by the ... (Read 119 times)

gonzo233

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on: Jun 30, 2018
The required reserves of a bank are determined by multiplying the bank's checkable deposits by the required reserve ratio.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Excess reserves equal total reserves plus required reserves.
 a. True
  b. False
  Indicate whether the statement is true or false


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s.meritte

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

False


gonzo233

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Reply #2 on: Jun 30, 2018
Thank you


s.meritte

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Reply #3 on: Jun 30, 2018
No problemo


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