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Business, 17.07.2020 21:01 kayyaybruh

NewBank started its first day of operations with $6 million in capital. A total of $100 million in checkable deposits is received. The bank makes a $25 million commercial loan and lends another $25 million in mortgage loans. If required reserves are 8%, what does the bank balance sheet look like?

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NewBank started its first day of operations with $6 million in capital. A total of $100 million in c...
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