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Which is actual reserves

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Reference no: EM132976780

Problem 1: Suppose a commercial bank has checkable deposits of $50,000 and the legal reserve ratio is 25 percent. If the bank's required and excess reserves are equal, then its actual reserves

Multiple Choice

Option 1: are $25,000.
Option 2: are $12,500.
Option 3: are $1,250,000.
Option 4: cannot be determined from the given information.

Reference no: EM132976780

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