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19-01-2024
Business

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A bank currently has checkable deposits of $100,000, reserves of $30,000, and loans of $70,000. If the required reserve ratio is lowered from 20 percent to 15 percent, this bank can increase its loans by
a. $10,000.
b. $15,000.
c. $75,000.
d. $5,000.
e. $ 0.

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