Rayzamartinez5586 Rayzamartinez5586

22-12-2017
Business

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A commercial bank has required reserves of $60 million and the reserve ratio is 20 percent. how much are the commercial bank's checkable-deposit liabilities?
a. $120 million
b. $900 million
c. $300 million
d. $1,200 million

Respuesta :

22-12-2017

[tex]60 \times 5 = 300[/tex]

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