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Table 10-4 The following information pertains to the Bank of the Kawarthas. ...

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Table 10-4

The following information pertains to the Bank of the Kawarthas.

Bank of the Kawarthas   
Assets:Liabilities:
Reserves$3,500Deposits$70,000
Loans$66,500

Refer to Table 10-4. Assume that all banks hold the same reserve ratio as the Bank of the Kawarthas. What is the money multiplier?
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