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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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9 years ago
If a single bank has $25,000 in excess reserves and the desired reserve ratio is 20 percent, what is the maximum this bank can loan?
A) $5,000
B) $20,000
C) $25,000
D) $125,000
E) $30,000
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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9 years ago
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