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How much more money can MBC bank lend out

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Reference no: EM132194100

Question - Suppose you have deposited $5000 currency into your savings account at a branch of MBC bank. If the reserve ratio for the bank is 0.12, how much more money can MBC bank lend out based on the T-account above?

a. $36,567

b. $400

c. $600

d. $500

Reference no: EM132194100

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