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Solution:-
Changes in the balance sheet when $20 million is initially deposited-
|
Assets |
Liabilities |
||||
|
Req. Reserves |
60,00,000 |
Change in Deposits |
20,000,000 |
||
|
Excess |
140,00,000 |
||||
|
Loans |
( 0 ) |
||||
|
Total |
20,000,000 |
Total |
20,000,000 |
||
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