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3 years ago

6

Imagine that odyssey national is a brand new bank, and that its required reserve ratio is 10 percent. if it accepts a $1,000 dep

osit, then its required reserves balance will be:

2 answers:

Snezhnost [94]3 years ago

8 0

Hi there
Excess reserve balance is
1,000−1,000×0.1=900

Hope it helps

exis [7]3 years ago

6 0

Excess reserve balance is
1,000−1,000×0.1=900

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"Above information" here refers to:

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