Suppose the banking system currently has 275 billion in


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

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Business Economics: Suppose the banking system currently has 275 billion in
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