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Business, 18.06.2020 21:57, KillerMDFK7992
Suppose that from a new checkable deposit, First National Bank holds 4 million dollars in vault cash, 16 million dollars on deposit with the Federal Reserve, and 18 million dollars in excess reserves. Given this information, we can say First National Bank has million dollars in required reserves.
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Suppose that from a new checkable deposit, First National Bank holds 4 million dollars in vault cash...
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