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10. Suppose that TD Bank holds $2900 million in deposits and maintains a reserve ratio of 17%. What is the amount of TD's reserves? 11.Suppose
10. Suppose that TD Bank holds $2900 million in deposits and maintains a reserve ratio of 17%. What is the amount of TD's reserves?
11.Suppose that TD Bank holds $2900 million in deposits and maintains a reserve ratio of 5%.Given that TD Bank's assets include only reserves and loans, what is the amount of TD Bank's loans?
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