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Suppose the required reserve ratio is8% and the Fed purchases$100 million worth of Treasury bills from Wells Fargo. By how much is Wells Fargo able

Suppose the required reserve ratio is8% and the Fed purchases$100 million worth of Treasury bills from Wells Fargo. By how much is Wells Fargo able to increase itsloans?

$8 million

$92 million

$100 million

$1.25 billion

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