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Suppose a bank has a 6 percent reserve ratio, $4000 in deposits, and it loans out all it can, given the reserve ratio. Which of

Suppose a bank has a 6 percent reserve ratio, $4000 in deposits, and it loans out all it can, given the reserve ratio. Which of the following describes the bank's assets? (1 mark)

a.It has $800 in reserves and $16,000 in loans.

b.It has $240 in reserves and $3760 in loans.

c.It has $240in reserves and $4000 in loans.

d.It has $800 in reserves and $3200 in loans.

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