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Suppose American Bank has $500 in deposits and $200 in reserves and that the required reserve ratio is 10 percent. In this situation, American Bank has
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Nov 19, 2020
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Suppose American Bank has $500 in deposits and $200 in reserves and that the required reserve ratio is 10 percent. In this situation, American Bank has
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Sfrench
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Answer:
$50
Step-by-step explanation:
10% of $500
=10÷100 ×500
=$50
Robo Robok
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Nov 26, 2020
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Robo Robok
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