Marisssu6mmeronjam Marisssu6mmeronjam

14-04-2017
Mathematics

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Suppose a bank has $600,000 in deposits, a required reserve ratio of 5 percent, and bank reserves of $90,000. then the bank can make new loans in the amount of

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Aliwohaish12 Aliwohaish12

14-04-2017

600,000×0.05=30,000
Reserve amount
90000+30000=120000
Loans
600000-30000=570000....answer

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