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The bank you own has the following balance sheet . Assets Liabilities Reserves $90 million Deposits $580 million Loans $605 million Bank capital $115 million

The bank you own has the following

balance sheet

.

Assets

Liabilities

Reserves

$90

million

Deposits

$580

million

Loans

$605

million

Bank capital

$115

million

If the bank suffers a deposit outflow of $55 million with a desired reserve ratio on deposits of 10%, what action(s) should you take? (Select all that apply.)

A. Acquire $55 million of new loans.

B. Call in or sell off $8.8 million of loans from the Bank of Canada.

C. Call in or sell off $17.5 million of loans.

D. Borrow $17.5 million reserves from the Bank of Canada

E. Borrow $55 million from other banks or corporations.

F. Call in or sell off $55 million of loans from the Bank of Canada.

G. Borrow $17.5 million from other banks or corporations

H. Acquire $8.8 million of new loans.

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