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What dollar amount of deposits can the bank hold

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Reference no: EM132949953

Problem 1: Assume a bank has $5 million in deposits and $1 million in vault cash. If the bank holds no excess reserves, and the required reserves ratio is 8 percent, approximately what dollar amount of deposits can the bank hold?

Option 1: $75.0 million

Option 2: $64.5 million

Option 3: $76.0 million

Option 4: $63.5 million

Reference no: EM132949953

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