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If a bank receives $60,000 in demand deposits and the reserve requirement is 10 percent, it can maximally loan out _____ and the money supply
If a bank receives $60,000 in demand deposits and the reserve requirement is 10 percent, it can maximally loan out _____ and the money supply can maximally rise by _____.
Group of answer choices
a $60,000; $600,000
b $54,000; $540,000
c $4,400; $44,000
d $5,400; $540,000
e $54,000; $600,000
f twoof the listed options are accurate.
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