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Suppose Piggy Bank has the following balance sheet and the required reserve ratio is 20%. Piggy Bank Balance Sheet Assets Liabilities Required Reserves $100,000 Checkable

Suppose Piggy Bank has the following balance sheet and the required reserve ratio is 20%.

Piggy Bank Balance Sheet Assets Liabilities Required Reserves $100,000 Checkable Deposits SY Excess Reserves SX Loans SO

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