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Using the following scheme, what is the required reserve for a bank with a $125 million loan portfolio? First $15 million = $0 Next $80

Using the following scheme, what is the required reserve for a bank with a $125 million loan portfolio? First $15 million = $0 Next $80 million = 2% Next $60 million = 8% $5.9 million $3.9 million $9.9 million $4.9 million

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