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Business, 11.12.2019 06:31 shaylawaldo11

If a bank has a required reserve ratio of 30 percent, excess reserves of $45,000,000, and deposits of $100,000,000, how much can the bank lend out?
a. $13,500,000
b. $30,000,000
c. $43,500,000
d. $45,000,000
e. $145,000,000

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