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The following table lists some statistics on Boring Bank. Category Amount ( dollars ) Reserves _ _ _ _ _ _ _ _ Demand deposits
The following table lists some statistics on Boring Bank.
Category Amount dollars
Reserves
Demand deposits
Longterm debt
Cash equivalents
Shortterm borrowing
Longterm investments
Refer to the table above. If Boring Bank faces a required reserve ratio of percent and has twice as many excess reserves as required reserves, how many total assets does Boring Bank have?
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