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A new bank has vault cash of $1.3 million and $7 million in deposits held at its Federal Reserve District Bank. (a) If the required

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A new bank has vault cash of $1.3 million and $7 million in deposits held at its Federal Reserve District Bank. (a) If the required reserves ratio is 8 percent, what dollar amount of deposits can the bank have? (Round answer to o decimal places, e.g. 150.) Bank deposits million

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