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Part TWO (2.5points) 2. Mark Merchant needs to borrow money for his business. The bank has 810,000 in deposits. Remembering the 10 percent reserve requirement,
Part TWO (2.5points) 2. Mark Merchant needs to borrow money for his business. The bank has 810,000 in deposits. Remembering the 10 percent reserve requirement, what is the maximum that the bank can loan Mark? $9,000
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Macroeconomics
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
3rd Canadian edition
ISBN: 1319120083, 1319120085, 1319190111, 9781319190118, 978-1319120054
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