Solution-What are the level of loans

What are the level of loans

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Reference no: EM131357568

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

Reference no: EM131357568

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What are the level of loans

Reference no: EM131357568

Reference no: EM131357568

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