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Cuba Cuba
wrote...
Posts: 2658
Rep: 7 0
9 years ago
Suppose a bank has $10 million in deposits with no excess reserves, and the reserve requirement is 20%. If the Fed reduces the reserve requirement to 5%, the bank can make a maximum loan of
A) $0.
B) $0.5 million.
C) $1.5 million.
D) $2 million.
Textbook 
Economic Analysis of Social Issues

Economic Analysis of Social Issues


Edition: 1st
Author:
Read 166 times
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IloveChiIloveChi
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Top Poster
Posts: 2595
9 years ago
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Cuba Author
wrote...
9 years ago
I have a major exam next week. Thank you for taking the time to answer. Problem solved.
wrote...
9 years ago
Cool! Good luck with your exams.
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