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Question
A new bank has reserves of $600,000, checkable deposits of $500,000, and government securities of $100,000. If the desired reserve ratio is 10 percent, the amount of loans this bank can make isA) $50,000.
B) $60,000.
C) $540,000.
D) $550,000.
E) $600,000.
Answer
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Related questions
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E) the population keeps growing.
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