Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20
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Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20 percent.
Households deposit $5000 in currency into the bank and that currency is added to reserves. What level of excess reserves does the bank now have? LO3
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Related Book For
Economics Principles Problems And Policies
ISBN: 9780073511443
19th Edition
Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn
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