Third national bank has reserves of 20000 and checkable, Ask an Expert

Economics

Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20%. Households deposit $10,000 in currency into a checking account at 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.:- M91225876

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