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Consider the following simplified balance sheet for a bank. Suppose the required reserve ratio decreases from 10 percent to 6 percent. By how much will

Consider the following simplified balance sheet for a bank. Suppose the required reserve ratio decreases from 10 percent to 6 percent. By how much will bank deposits increase? Provide your answer in dollars measured in thousands rounded to two decimal places.

Assets Liabilities

Reserves $10 thousand Deposits $100 thousand

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