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34. (04.04 MC) Assume that the required reserve ratio is 1/5 (or 20%) and that Bank Z has no excess reserve. If an individual deposits

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34. (04.04 MC) Assume that the required reserve ratio is 1/5 (or 20%) and that Bank Z has no excess reserve. If an individual deposits $1,000 cash into her bank account at Bank Z, what is value of each of the following? (1 point) Maximum amount of new loans from Bank Z; Maximum amount of new deposits in the system $200; $800 $200; $1,000 $800; $3,200 $800; $5,000 $1000: $5.000

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