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spiderman13 spiderman13
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2 months ago
The following table lists some statistics on Boring Bank.

CategoryAmount (dollars)
Reserves________
Demand deposits200
Long-term debt________
Cash equivalents80
Short-term borrowing95
Long-term investments230

Refer to the table above. If Boring Bank increases its loans to use all its excess reserves with the required reserve ratio being at 10 percent, and the borrowers deposit the loans into Boring Bank, what is the new stockholder's equity?

▸ $90

▸ $10

▸ $60

▸ $50
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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otis24otis24
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2 months ago
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