Suppose your commercial holds $ [a] in checking account dep…
Suppose your commercial holds $ [a] in checking account deposits for customers and $ [b] in reserves. What is the maximum amount of additional bonds that your bank can purchase at this moment given that the Federal reserve requires [c] % of checking account deposits in reserves? Enter your answer as a whole number. Do not enter units. Do not enter “$”, commas or decimals. Round up if the calculated value of the first decimal place is 5 or higher.
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