If a bank has total reserves of $200,000 and $1 million in deposits, how much money can

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If a bank has total reserves of $200,000 and $1 million in deposits, how much money can it lend if the required reserve ratio is
1. 5 percent?
2. 10 percent?

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Essentials of Economics

ISBN: 978-1259235702

10th edition

Authors: Bradley Schiller, Karen Gebhardt

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Question Posted: Aug 30, 2017 11:54 PM

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If a bank has total reserves of $200,000 and $1 million in deposits, how much money can

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1 150000 2 100000 Explanation Required reserves are the minimum amount of reserves a ...View the full answer

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