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1 - IF Joshua DEPOSITS $5,000 into his checking account and the required reserve requirement ratio is 20%, how much money must the financial...

1 -   IF Joshua DEPOSITS $5,000 into his checking account and the required reserve requirement ratio is 20%, how much money must the financial institution hold back in reserves:

A.) $1,500

B.) $2,000

C.) $500

D.) $1000


The three monetary policy tools include all of the following except:

A.) Open market operation

B.) Federal reserve requirement ratio

C.) Discount rate

D.) Quantitative easing

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D.) $1,000 D.)... View the full answer

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