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QUESTION 8 Commercial banks have governments bonds of 55 and currency of 38. The public holds currency of 100 and 17 in government bonds. Deposits

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QUESTION 8 Commercial banks have governments bonds of 55 and currency of 38. The public holds currency of 100 and 17 in government bonds. Deposits are equal to 1000 and the money multiplier is equal to 10. What are the reserves of the commercial banking sector? :]

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