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Werner Bank currently holds $100 million in demand and checking deposits. The Federal Reserve Bank requires will banks and other depository Institutions to hold a

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Werner Bank currently holds $100 million in demand and checking deposits. The Federal Reserve Bank requires will banks and other depository Institutions to hold a minimum marginal reserve requirement of 10 per cent of the bank's transaction deposits. What is the maximum amount of loans that Werner Bank can approve? Multiple Choice 5900 M 590 Million 510 Million $150 Milton 3100 Million

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