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Suppose that Capital One holds $2400 million in deposits and maintains a reserve ratio of 15%. What is the amourd of Capital One's reserves? Hint

Suppose that Capital One holds $2400 million in deposits and maintains a reserve ratio of 15%. What is the amourd of Capital One's reserves? Hint Consider the following balance sheet for Citi. Suppose that someone deposited $200 at citi. Given this data, what is the maximum amount by which the money supply will increase? Hint

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