(Solved) A new bank has vault cash of $2 million and $6 million in

July 21, 2017UncategorizedBy classhelp24@gmail.com [email if you need fresh paper done]

A new bank has vault cash of $2 million and $6 million in depositsheld at its federal reserve district bank.

If the required reserves ratio is 8 percent, what dollar amount of deposits can the bank have?

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