The Fifth National Bank has total deposits of $20,000,000 and has legal reserves of $5,000,000. If the

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The Fifth National Bank has total deposits of $20,000,000 and has legal reserves of $5,000,000. If the legal reserve is 10 percent, is this bank loaned up? What is the maximum loan that the bank can make, and what is the maximum increase in the money supply?
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Basic Economics

ISBN: 978-1111826642

16th edition

Authors: Frank V. Mastrianna

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