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3.) The Bank of Oxbridge has the following account balance: $2,000 deposits, $300 reserves, and $1700 loans. There is a required reserve requirement of 10%.
3.) The Bank of Oxbridge has the following account balance: $2,000 deposits, $300 reserves, and $1700 loans. There is a required reserve requirement of 10%. a.) Draw a T-account chart for this information. b.) How much excess reserve does the bank hold? c.) How much money is created by the bank if it loans out the excess reserves
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