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please slove step by step Economics Q1 Suppose you have the following information for Bank of Springfield Assets Liabilities Reserves $19,200 Deposits $240,000 Loans 228,000

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Economics Q1 Suppose you have the following information for Bank of Springfield Assets Liabilities Reserves $19,200 Deposits $240,000 Loans 228,000 a If the Bank of Springfield has lent out all the money it can given its level of deposits, then what is the reserve requirement? b. Assuming the Bank of Springfield and all other banks have the same reserve ratio, then what is the value of the money multiplier

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