Question: There is a 10% reserve ratio and no initial excess reserves being held by the bank. A deposit of $60,000 is made. How much can

There is a 10% reserve ratio and no initial excess reserves being held by the bank. A deposit of $60,000 is made. How much can the bank lend out? Group of answer choices $54,000 $6000 $600,000 $546,000

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