What is the dollar amount of deposits the bank can have

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key biscayne bank has vault cash of 2 million and 10 million in deposits as its federal reserve district bank. If the required reserve ratio is 8 percent, what is the dollar amount of deposits the bank can have?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131966186

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