Third national bank has reserves of 10000 and checkable, Ask an Expert

Economics

Third National Bank has reserves of $10,000 and checkable deposits of $100,000. The reserve ratio is 10 %. Households deposit $15,000 in currency into a checking account at the bank and that currency is added to reserves

1) What level of excess reserves does the bank now have? $?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91225771

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