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Bogdan [553]
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:
Business
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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