Business, 05.08.2020 18:01 captaincluck52

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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Third National Bank has reserves of $10,000 and checkable deposits of $100,000. The reserve ratio is...

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