Then sells the central bank a treasury bill for 9000. how, Ask an Expert

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"Suppose the Central Bank requires banks to hold 10% of their deposits as reserves. A bank has $20,000 of excess reserves and then sells the Central Bank a Treasury bill for $9,000. How much does this bank now have to lend out if it decides to hold only required reserves?"

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Microeconomics, Economics

Category:- Microeconomics
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