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You are the manager of a bank. It has the following balance sheet: Assets Liabilities Reserves $ 100 million Checkable deposits $400 million Securities 100

You are the manager of a bank. It has the following balance sheet:

Assets Liabilities Reserves $ 100 million Checkable deposits $400 million Securities 100 million Loans 300 million Bank capital 1000 million

If the required reserve ratio is 15%, what actions should the bank manager take if there is an unexpected deposit outflow of $80 million?

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