Bank a has checkable deposits of 150 million vault cash
Bank A has checkable deposits of $150 million, vault cash equaling $2 million and deposits at the Fed equaling $16 million. If the required reserve rate is ten percent what is the maximum amount Bank A could lend? Please show your work.
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bank a has checkable deposits of 150 million vault cash equaling 2 million and deposits at the fed equaling 16 million
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