A bank has $10 million in vault cash and $110 million in deposits. If total bank reserves were $15…

A bank has $10 million in vault cash and $110 million in deposits. If total bank reserves were $15…

A bank has $10 million in vault cash and $110 million in deposits. If total bank reserves were $15 million with $2 million considered to be excess reserves, what required reserves ratio is implied.

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