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(a) If the required reserves ratio is 7 percent, approximately what dollar amount of deposits can the bank hold? (Answer in millions) Bank deposits: $

(a) If the required reserves ratio is 7 percent, approximately what dollar amount of deposits can the bank hold? (Answer in millions)

Bank deposits: $ ? (Millions)

(b)

If the bank holds $69 million in deposits and currently holds bank reserves such that excess reserves are zero, what required reserves ratio is implied? (Round answer to 1 decimal place, e.g. 5.1.)

Required Reserve Ratio: ?

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