Question: Moving to another question will save this response. Questions The T-account below shows the balance sheet of Santander. 5500 million Assets Liabilities Reserves $10 million

Moving to another question will save this response. Questions The T-account below shows the balance sheet of Santander. 5500 million Assets Liabilities Reserves $10 million Deposits Loans $400 million Borrowings from Securities $200 million other banks Borrowings from the Fed Bank capital $20 million 550 milion 540 million Based on the balance sheet above, what is Santander's equity multiplier (EM Round your answer to to at least 2 decimal places

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