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 percent. Households deposit $20,000 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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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91673070

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