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Business, 03.01.2020 04:31 osmarirodriguez2079

Assume that u. s. national bank has no excess reserves and that the reserve ratio is 20 percent. if u. s. national borrows $5 million from a federal reserve bank through a repo transaction, it can expand its loans by a maximum of
a) $1 million.
b) $0.
c) $25 million.
d) $5 million.

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