Business
Business, 27.07.2019 15:00, madisonanders

Purchasing power parity does not hold for single products, it is meaningful only when applied to a basket of goods

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Type of deposit reserve requirementcheckable deposits $7.8 - 48.3 million 3%over $48.3 million 10noncheckable personal savings and time deposits 0refer to the accompanying table. if a bank has $60 million in savings deposits and $40 million in checkable deposits, then its required reserves are$1.2 million.
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