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Assume that the Bank of Macronomia currently has exactly $40,000 in excess reserves and $10,000 in required reserves. Assume that the reserve requirement is 20%

Assume that the Bank of Macronomia currently has exactly $40,000 in excess reserves and $10,000 in required reserves. Assume that the reserve requirement is 20% in Macronomia. If Mr. Martin deposits $5,000 into this bank, what is the updated total amount of new loans Bank of Macronomia can loan out

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