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Banco de Santiago (private bank in Chile) has currently $10 million in deposits and holds $1 million in reserves at the Banco Central de Chile

Banco de Santiago (private bank in Chile) has currently $10 million in deposits and holds $1 million in reserves at the Banco Central de Chile (Chilean' Central Bank). The Banco Central de Chile policy is to maintain 9% reserves on deposits held by commercial banks. What is the excess reserve ratio? What will be the requirements if the bank is to add $500,000 additional deposits?

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