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Use Table 12. Suppose there is a deposit outflow of $11. The reserve requirement is 12.00%. To meet the shortfall the bank sells loans for

Use Table 12. Suppose there is a deposit outflow of $11. The reserve requirement is 12.00%. To meet the shortfall the bank sells loans for $0.85 cents on the dollar. How many loans are required to sell? $6.68 $7.86 $4.71 $9.41

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