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You operate a bank with a reserve requirement ratio of 12%. You have deposits of US$500 mil. The bank uses deposits solely for funding loans.

You operate a bank with a reserve requirement ratio of 12%. You have deposits of US$500 mil. The bank uses deposits solely for funding loans. How much millions of US$ can the bank make( assuming no borrowed overnight loans)? ( In millions, so 1,000,000 would be entered as 1.)

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