Business, 11.12.2019 03:31 pheonixhowls
First national bank has $80 million in checkable deposits, $15 million in deposits with the federal reserve, $5 million cash in the bank vault, and $5 million in government bonds. reference: ref 36-1 (scenario: first national bank) refer to the information for first national bank provided in the scenario first national bank. given the bank's minimum reserve ratio, how much can the bank issue in loans?
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