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The cost of holding excess reserves is the interest rate that could have been earned minus the interest rate that is paid on these reserves. If the interest rate is 5% and the interest rate paid on reserves is 2%, the cost of holding on excess reserves is

Respuesta :

Answer:

7% because you would have to add 5% with 2%

Explanation:

because you would have to add 5% with 2% and get 7 %

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