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James, a manager at the local branch of Millerbank, is required by the Fed to set a reserve ratio of at least 10 percent. He
James, a manager at the local branch of Millerbank, is required by the Fed to set a reserve ratio of at least 10 percent. He opts to not have any excess reserves. If $500 is deposited into his branch, how much can James legally increase its loans? a.5000 dollars b.200 dollars c.50 dollars d.100 dollars e.450 dollars
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