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Suppose the banking system currently has $275 billion in reserves, the reserve requirement is 8%, and excess reserves are $43 billion. What are the level of Loans?

  • $2,584 million
  • $2,625 million
  • $2,900 million
  • None of the above

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M92170423
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