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Bank of La Paz has $1,600 worth of loans, $310 for reserves and checkable deposits of $1,910. Assume the required reserve ratio is 9%.

Bank of La Paz has $1,600 worth of loans, $310 for reserves and checkable deposits of $1,910. Assume the required reserve ratio is 9%. If this bank experiences a cash withdrawal of $45, what are the bank's excess reserves after the withdrawal? $97.15 $104.50 $110.55 $115.91

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