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If actual reserves in the banking system are N \(40.000\), excess reserves are \(N ...

If actual reserves in the banking system are N \(40.000\), excess reserves are \(N 10.000\), and checkable deposits are \(+240,000\), then the legal reserve requirement is ____________

A. \(10 \%\)
B. \(12.5 \%\)
C. \(20 \%\)
D. \(5 \%\)





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