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15 September, 12:26

Assets liabilities + net worth reserves $120,000 checkable deposits $300,000 loans 140,000 stock shares 200,000 securities 40,000 property 200,000 the accompanying balance sheet is for the first federal bank. assume the required reserve ratio is 20 percent. the monetary multiplier is

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  1. 15 September, 15:26
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    the answer i got was 960000

    Tell me if right
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