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Business, 16.04.2020 23:09 vanvalenpeyt

Consider a bank with the following balance sheet: Assets Liabilities Required reserves $ 8 million Checkable deposits $ 110 million Excess reserves $ 5 million Bank capital $ 8 million T-bills $ 45 million Commercial loans $ 60 million The bank makes a loan commitment for $20 million to a commercial customer. Before the commitment, the bank's capital ratio equals nothing%. (Round your response to two decimal places.)

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