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Question 3 1 pts 3) Suppose the Canadian banking system jointly has $20 million in reserves (cash and deposits at the Bank of Canada), all

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Question 3 1 pts 3) Suppose the Canadian banking system jointly has $20 million in reserves (cash and deposits at the Bank of Canada), all banks have a target reserve ratio of 20%, and there are no excess reserves. What is the amount of deposits in the banking system? O $120 million O $100 million O $4 million $ 80 million

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