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Pancake Bank has [$10{,}000] in required reserves and [$50{,}000] in excess reserves. The bank is required to keep [20%] of all deposits in reserve. If
Pancake Bank has \[\$10{,}000\] in required reserves and \[\$50{,}000\] in excess reserves. The bank is required to keep \[20\%\] of all deposits in reserve. If Chinhui deposits \[\$5{,}000\] into Pancake Bank, how much in new loans can the bank make as a result of the deposit? Choose 1 answer: Choose 1 answer: (Choice A) \[\$5,000\] A \[\$5,000\] (Choice B) \[\$65{,}000\] B \[\$65{,}000\] (Choice C) \[\$55{,}000\] C \[\$55{,}000\] (Choice D) \[\$4{,}000\] D \[\$4{,}000\] (Choice E) \[\$54{,}000\] E \[\$54{,}000\]
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