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April 20, 2014

Homework Help: macroeconimics

Posted by Anonymous on Monday, July 25, 2011 at 12:11am.

A bank has $120 million in total assets, which are composed of reserves, loans, and securities. Itís only liabilities are $120 million in transactions deposits. The bank exactly satisfies its reserve requirement and its total reserves equal $6 million. What is the required reserve ratio?

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