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vova2212
2 months ago
8

Phil Frugal has been saving his pennies since he was 5 years old. He is now 45 and deposits his savings in a bank. His pennies t

otal $5000. Using this information and your knowledge of the banking system, place both the definition and dollar amounts below in their appropriate category. Assume a required reserve ratio of 10%. Not all items will be placed.

Business
1 answer:
Scilla [3.8K]2 months ago
8 0

Solution:

Refer to the attachment for details.

Explanation:

Refer to the attachment for clarification.

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