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Suppose that a bank has $160 in checkable deposits, reserves of $15, and a reserve requirement of 10%. Also assume that the the bank suffers
Suppose that a bank has
$160
in checkable deposits, reserves of
$15,
and a reserve requirement of 10%. Also assume that the the bank suffers a
$10
deposit outflow. If the bank chooses to borrow from the Fed to meet its reserve requirement, then the bank would need to borrow
$enter your response here.
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