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_T_he ABC bank has a deposit base on which it holds excess reserves of $42 Million at a reserve rate which relates to a money

_T_he ABC bank has a deposit base on which it holds excess

reserves of $42 Million at a reserve rate which relates to a money

multiplier (MM) of 5. On January 2, 2010 Mwen-Mwen, a customer of ABC

bank issued a $20 Million check drawn on its account, to Bushrod

Manufacturing Company (BMC), which it deposited into its account with

Satiah Bank.

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