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Business, 29.11.2021 06:40 tyryceschnitker

Please tell me the answer for 5 percent and 15 percent, thanks. If a bank has total reserves of $500,000 and $2,000,000 in deposits, how much money can it
lend if the required reserve ratio is
nts
a. 5 percent?
I
b. 15 percent?

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Answers: 3

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