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In: Economics

19.​Assume that Paris First National Bank is a thriving bank with deposits of $20 million. If...

19.​Assume that Paris First National Bank is a thriving bank with deposits of $20 million. If the required reserve ratio is 20 percent and the bank is fully loaned out, the bank will keep what amount of required reserves?
​a.​$2 million.
​b.​$4 million.
​c.​$10 million.
​d.​$16 million.
​e.​$20 million
20.​The required reserve ratio for a bank is set by:
​a.​Congress.
​b.​the bank itself.
​c.​the Treasury Department.
​d.​the Federal Reserve.

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