Math A bank is required to maintain a 14 percent reserve requirement and has deposits of $54,000.
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Math A bank is required to maintain a 14 percent reserve requirement and has deposits of $54,000.
a. What amount must be kept on reserve, and what amount may be lent out?
b. If the total amount lent out was deposited in other banks, how much of those funds would be required to be kept on reserve?
10. What electronic banking services are commonly available for consumers?
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