A bank has deposits of $1,000,000,000 and $70,000,000 held in reserves at thee Federal Reserve....
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Accounting
A bank has deposits of $1,000,000,000 and $70,000,000 held in reserves at thee Federal Reserve.
I. Its reserve ratio is 7%
II. Can make loans up to $930,000,000
III. will have to change the amount in reserve If the federal funds rate changes.
Which of these are correct? Can be just one or all of them.
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