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a. If the required reserve ratio is 3.5%, how much in excess reserves does this bank hold? Show your work. b. What is the maximum

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a. If the required reserve ratio is 3.5%, how much in excess reserves does this bank hold? Show your work. b. What is the maximum amount this bank can expand on its loans? Show your work. o. What will happen to the M1 money supply if it makes the loans under (b) above and those funds are deposited into another bank by the borrowers

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