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The graph below shows the supply and demand curves in the market for credit card borrowing. What is the equilibrium interest rate? Suppose that Capital

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The graph below shows the supply and demand curves in the market for credit card borrowing. What is the equilibrium interest rate? Suppose that Capital One holds $2400 million in deposits and maintains a reserve ratio of 15%. What is the amount of Capital One's reserves? Hint Suppose that the required reserve ratio (R) is 37 percent and that banks do not hold any excess reserves. What is money multiplier, given this situation? Hint

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