If a bank has $30,000,000 in demand deposits, a 15 percent reserve requirement, and $5,200,000 in actual
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If a bank has $30,000,000 in demand deposits, a 15 percent reserve requirement, and
$5,200,000 in actual reserves, what are its required and excess reserves, and how much in new loans could it make?
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Related Book For
Economics Theory And Practice
ISBN: 9781118949733
11th Edition
Authors: Patrick J. Welch, Gerry F. Welch
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