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You operate a bank with a reserve requirement ratio of 12%. You have deposits of US$500...

You operate a bank with a reserve requirement ratio of 12%. You have deposits of US$500 mil. The bank uses deposits solely for funding loans. How much in required reserves does the bank need to hold?

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Answer #1

How much in required reserves does the bank need to hold

=500*12%

=60 million

the above is answer...

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