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The following is the consolidated balance sheet for the chartered banking system. Assume the desired reserve ratio is 10%. Show the new consolidated balance sheet

The following is the consolidated balance sheet for the chartered banking system. Assume the desired reserve ratio is 10%. Show the new consolidated balance sheet after maximum loan expansion has occurred. Assets Liabilities Reserves $ 20,000 Demand Deposits $150,000 Loans 60,000 Capital Stock 250,000 Securities 40,000 Property 280,000

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