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Suppose that a bank with no excess reserves receives a deposit into a checking account of $24,000 in currency. If the required reserve ratio is
Suppose that a bank with no excess reserves receives a deposit into a checking account of $24,000 in currency. If the required reserve ratio is 0.13, what is the maximum amount that the bank can lend out? The bank can lend out $ (Enter your response as an integer.)
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