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If a bank has $100 million in deposits and $18 million in reserves with a reserve requirement of 0.15, a. How much are its required reserves? b. How
If a bank has $100 million in deposits and $18 million in reserves with a reserve requirement of 0.15,
a. How much are its required reserves?
b. How much excess reserves does it have?
c. How much can it lend?
Show your work.