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Bank Zero has $200 in securities, $150 in loans $110 in reserves and $460 in checking deposits. The required reserve ratio is 7%. Bank Zero

Bank Zero has $200 in securities, $150 in loans $110 in reserves and $460 in checking deposits. The required reserve ratio is 7%. Bank Zero is expecting a cash withdrawal of $45 any day now. After the withdrawal, Bank Zero will have ____ in excess reserves.

$35.95
$33
$30.5
$28.5

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