Suppose that from a new checkable deposit, First National Bank holds two million dollars in vault cash, one million dollars in required reserves, and faces a required reserve ratio of ten percent
Given this information, we can say First National Bank has ________ million dollars in excess reserves. A) one
B) two
C) nine
D) ten
C
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Answer the following statement true (T) or false (F)
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Indicate whether the statement is true or false
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a. True b. False Indicate whether the statement is true or false
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Indicate whether the statement is true or false