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If the required reserve ratio is 25% and a commercial bank has $2 million in cash, $1 million in government securities, $3 million on deposit at a Federal Reserve bank, and $6 million in demand deposits, its total reserves are

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If the required reserve ratio is 25% and a commercial bank has $2 million in cash, $1 million in government securities, $3 million on deposit at a Federal Reserve bank, and $6 million in demand deposits, its total reserves are






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