Households deposit 15000 in currency into the bank and that, Ask an Expert

Economics

Third National Bank has reserves of $20,000 and checkable deposits of $200,000. The reserve ratio is 10 percent. Households deposit $15,000 in currency into the bank and that currency is added to reserves. What level of excess reserves does the bank now have?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M947761

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