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Alenkinab [10]
3 years ago
6

The manager of the bank where you work tells you that your bank has $6 million in excess reserves. she also tells you that the b

ank has $400 million in deposits and $362 million dollars in loans
Business
1 answer:
Yuki888 [10]3 years ago
4 0
That's not a question. but add 400 dep. and 6 res. thats 406 million. Minus 362 million that is a positive amount of 44 million total res. + dep. But banks don't work like that. Most banks have at LEAST 100x more money loaned out than what is in reserves or deposits combined
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