Almost 5 million owners can now get monetary savings on their mortgages – NEWS BY CONVI GMBH – ConVI GmbH System Projects

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ewBank started its first day of operations with $122million in capital. A total of $294million in checkable deposits is received. The bank makes a $23 million commercial loan and another $29 million in mortgage loans. Required reserves are 5.9%. NewBank decides to invest $267 million in 30-day T-bills.

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