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Reference: Ref 15-2 (Table: Multiple Deposit Expansion) for the Multiple

Question 74

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Reference: Ref 15-2 (Table: Multiple Deposit Expansion) For the multiple deposit expansion process described in this table, what is the maximum amount of loans that the Third National Bank can make if it decides to hold 1 percent of deposits as excess reserves? A) $338,560 B) $30,470.40 C) $308,089.60 D) $311,475.20 Reference: Ref 15-2 (Table: Multiple Deposit Expansion) For the multiple deposit expansion process described in this table, what is the maximum amount of loans that the Third National Bank can make if it decides to hold 1 percent of deposits as excess reserves?


A) $338,560
B) $30,470.40
C) $308,089.60
D) $311,475.20

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