How much can the bank loan out or what is the excess reserve

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What would the excess reserve be for the problem below? Devry Bank has $44,000 in demand deposits and $15,000 on total reserve with a 10 percent (i.e. 0.1) reserve requirement. How much can the bank loan out or what is the excess reserve? What’s the multiplier? Also, can you define multiplier?

Reference no: EM131002996

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