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If a Bank Has Required Reserves of $45 Million,excess Reserves

Question 99

Multiple Choice

If a bank has required reserves of $45 million,excess reserves of $12 million,and deposits of $90 million with a required reserve ratio of 50%,how much can the bank lend out?


A) $12 million
B) $45 million
C) $57 million
D) $102 million
E) $147 million

Correct Answer:

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