DRock84931 DRock84931

01-02-2024
Business

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A bank has $200 million in demand deposits and $150 million in reserves. The reserve ratio is 20 percent. What is the maximum amount of loans the bank can make from its reserves?

a. $750 million
b. $150 million
c. $110 million
d. $50 million
e. $40 million

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