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ENG$-...$

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$4-$Final: Chapters $17,18,...$

Due Date: $12/09/24$

EXAM

jc$284275$@my$.$stchas.

This is a Multiple Choice question $/$ It is worth $2$ points $/$ You have $1$ attempt $/$ Your grade will be visible after $12/09/2024$

$09$ Question $(2$points$)$

OpenEb$ksectio{n}_{17\mathrm{.}1}$

$1$st attempt

The balance sheet below reflects Zee Bank after its purchase of $$70$ million in government securities from the Fed. Assume a required reserve ratio of $10\%,$ that banks hold no excess reserves, and all currency is deposited into the banking system.

$\backslash$table$[[,$Assets,,$\backslash$table$[[$Liabilites$],[$and net$],[$worth$]]],[$Reserves$,$$$15$ million,$\backslash$table$[[$Liabilities:$],[$Checking$],[$Deposits$]],$$$150$ million$],[$Loans$,\backslash$table$[[$$$275$