8. Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is
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8. 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 levelo fe xcess r eservesdoesthebankno wha ve? LO8
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Related Book For
Essentials Of Economics
ISBN: 9780077502140
3rd Edition
Authors: Stanley Brue, Campbell McConnell, Sean Flynn
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