Suppose the ABC bank has excess reserves of $2,000 and checkable deposits of $40,000. If...
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Finance
Suppose the ABC bank has excess reserves of $2,000 and checkable deposits of $40,000. If the reserve requirement is 20 percent, what is the size of the bank's actual reserves?
Multiple Choice
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$10,000
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$6,000
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$42,000
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$8,000
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