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Suppose that Best National Bank currently has $150,000 in checkable deposits and $97,500 in outstanding loans. The Federal Reserve has set the reserve requirement at

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Suppose that Best National Bank currently has $150,000 in checkable deposits and $97,500 in outstanding loans. The Federal Reserve has set the reserve requirement at 10%. Using these values, fill in the empty cells for reserves, required reserves, and excess reserves in the following table, Reserves (Dollars) Best National Required Reserves (Dollars) Excess Reserves (Dollars)

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