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Answer the question based on the following balance sheet for the commercial banking system. Assume the reserve ratio is 15 percent: Assets Liabilities + Net

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Answer the question based on the following balance sheet for the commercial banking system. Assume the reserve ratio is 15 percent: Assets Liabilities + Net Worth Reserves $50,000 Checkable Deposits $120,000 Loans 75,000 Stock Shares 130,000 Securities 25,000 Property 100,000 Refer to the above data. The maximum amount by which the commercial banking system can expand the supply of money by lending is: Multiple Choice O $120,000 O $333,500

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