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c. Now suppose Lion Bank adjusts its loans such that it is once again holding the minimum allowed amount of currency in reserves. To do

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c. Now suppose Lion Bank adjusts its loans such that it is once again holding the minimum allowed amount of currency in reserves. To do so it lends out the money to Bell Industries. How much would it lend? Depict Lion Bank's balance sheet. (1. Suppose Bell Industries uses all the loan to purchase a very expense machine produced by Widgets Inc. Next, Widgets Inc. deposits all the money at Valere Bank. Show Valere Bank's new balance sheet immediately after Widgets Inc. deposits the money (before it changes its reserves). Now suppose Valere adjusts its reserves to be at the minimum again by increasing lending. How much would it lend out? Depict its balance sheet after it adjusts its reserves to be at the minimum

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