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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Essentials Of Economics

ISBN: 9780077502140

3rd Edition

Authors: Stanley Brue, Campbell McConnell, Sean Flynn

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