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53. A bank has $200 million in demand deposits and $150 million in reserves. The reserve ratio is 20 percent. What is the maximum
53. A bank has $200 million in demand deposits and $150 million in reserves. The reserve ratio is 20 percent. What is the maximum amount of loans the bank can make from its reserves? (A) $750 million (B) $150 million (C) $110 million (D) $50 million (E) $40 million
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Macroeconomics Principles And Policy
Authors: William J. Baumol, Alan S. Blinder
11th Edition
0324586213, 978-0324586213
