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Imagine that Big Bank has a 5% reserve requirement and $7,000 in deposits. If this bank has loaned out all it can given the reserve
Imagine that Big Bank has a 5% reserve requirement and $7,000 in deposits. If this bank has loaned out all it can given the reserve requirement, which of the following statements is correct? Group of answer choices Big Bank has $35 in reserves and $4,500 in loans. Big Bank has $250 in reserves and $4,750 in loans. Big Bank has $350 in reserves and $6,650 in loans. None of the above statements is correct
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