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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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8 years ago
Bank One has reserves of $100,000, government securities of $200,000, loans of $700,000, and checkable deposits of $800,000. If the desired reserve ratio is 10 percent, Bank One can make additional loans totaling
A) $0.00.
B) $10,000.
C) $20,000.
D) $80,000.
E) $100,000.
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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