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For the upcoming week, Nobel National Bank plans to issue $25 million in mortgages and purchase $100 million 31-day T-bills. New deposits of $35 million
For the upcoming week, Nobel National Bank plans to issue $25 million in mortgages and purchase $100 million 31-day T-bills. New deposits of $35 million are expected, and other sources will generate $15 million in cash. What is Nobels estimate of funds needed?
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