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Calculate the excess reserve ratio if checkable deposits are $900 million, total reserves are equal to $200 million, and the required reserve ratio...

Calculate the excess reserve ratio if checkable deposits are $900 million, total reserves are equal to $200 million, and the required reserve ratio is 10%. (1 pt correct formulas, 1 pt correct final answer, round to two decimal places) 

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The banks required reserves = Reserve ratio * Demand... View the full answer

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