. Assume that U.S. National Bank has no excess reserves and that the reserve ratio is 20 percent. If U.S. National borr

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. Assume that U.S. National Bank has no excess reserves and that the reserve ratio is 20 percent. If U.S. National borr

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. Assume that U.S. National Bank has no excess reserves
and that the reserve ratio is 20 percent. If U.S. National borrows
$10 million from a Federal Reserve Bank through a repo transaction,
by how much can the bank expand its loans
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