If the reserve requirement is 5 percent, a bank desires to hold no excess reserves, and it receives a new deposit of $10, then this bank a. must increase its required reserves by $10. b. will initially see its total reserves increase by $10.50. c. will be able to make new loans up to a maximum of $9.50. d. all of the above are correct.
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If the reserve requirement is 5 percent, a bank desires to hold no excess reserves, and it receives...
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