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OpenStudy (anonymous):
singular savings bank received an initial deposit of 3000. it kept percentage of this money in reserve based on the reserve rate and loaned out the rest. the amount it loaned out was eventually all deposited back into the bank. If this cycle continued indefinitely and eventually the 3000 tuned into 50000 what was the reserve rate? A.5% B.6% C.3% D.15%
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