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Question 4 of 28 Suppose Robina Bank receives a deposit of$52,589. Based on the Fed's...

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Economics

Question 4 of 28 Suppose Robina Bank receives a deposit of

$52,589

. Based on the Fed's current interest paid on reserves, theBank's understanding of consumer behavior, and its own comfort withrisk, it decides to keep

4%

in reserve with the Fed. Answer the questions using thisinformation. Round your answers to two decimal places. What amountwill Robina Bank keep on hand as reserves? What amount will RobinaBank have in excess reserves from excess reserves: $ this initialdeposit? What is the total change in the MI money supply from thistotal change: $ one deposit? Search

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