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Refer to the above table. If a bank has checkable deposits of $45 million and reserves of $2 million, then its excess reserves are:
A. $0.35 million
B. $0.65 million
C. $1.35 million
D. $1.65 million

Sagot :

If a bank has checkable deposits of $45 million and reserves of $2 million, then its excess reserves are B. $0.65 million.

A deposit, widely speakme, represents money held at a bank. One definition of deposit refers to whilst a part of finances is used as security or collateral for the transport of goods or services. every other sort of deposit includes a transfer of funds to any other birthday celebration, consisting of a financial institution, for safekeeping.

Historically, there are 4 sorts of financial institution deposits in India, which can be - modern-day Account, ordinary Deposits, savings accounts, and glued Deposit accounts.

Learn more about deposits here:https://brainly.com/question/1752098
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