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Suppose the National Bank of Commerce has excess reserves of $8,000 and outstanding checking deposits of $200,000. If the required reserve ratio is
Suppose the National Bank of Commerce has excess reserves of $8,000 and outstanding checking deposits of $200,000. If the required reserve ratio is 20%, what is the size of the bank’s actual reserves?
A) None of the other options.
B) $48,000
C) $280,000
D) $40,000
E) $32,000
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