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Assume the Molson Canadian Commercial Bank receives a cash deposit of $15,000. If the target reserve ratio is 16 percent, how much can this bank
Assume the Molson Canadian Commercial Bank receives a cash deposit of $15,000. If the target reserve ratio is 16 percent, how much can this bank loan out?
a. $2,400b. $12,600c. $15,625d. $93,750
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