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Assume a target reserve ratio of 1 5%. A cheque for $30000 is drawn on an account in Bank B and deposited in a checking

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Assume a target reserve ratio of 1 5%. A cheque for $30000 is drawn on an account in Bank B and deposited in a checking deposit in Bank A. Round yourfinal answers to 2 decimal places, if necessary. Do not enter com ma or dollar sign ($) while entering your answer. a. By how much have the excess reserves of Bank A increased? 2550 b. How much in the form of new loans is Bank A now able to extend to borrowers? 2550 ('5 . By how much have reserves of Bank B decreased? 3000 CL . By how much have excess reserves of Bank B decreased? 3000 e. By how much has the money supply increased? 2001

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