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Question - Assume that MCB Bank gives a loan to a customer at an amount of RS 175,000 And credits it to the demand deposit of the customer. The customer withdraws 20 percent of it in the form of cash. Additionally there is a reserve requirement of 10 percent for demand Deposits set by the central bank. Answer the following questions.
1. How many reserves in total did the commercial bank need for this loan?
2. Show how the balance sheet of the MCB bank and the customer are affected by the loan and the cash withdrawal if we assume that the MCB bank already has a sufficient amount of cash, which it has received previously from the central bank.
3. Why is a commercial bank normally interested to have as many customers as possible putting their money at accounts of this bank, although it does not need these accounts for giving loans?
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