Business, 18.11.2020 17:30 ivanyeli4520

Third National Bank has reserves of $10,000 and checkable deposits of $100,000. The reserve ratio is 10 percent. Households deposit $15,000 in currency into the bank, and the bank adds that currency to its reserves. What amount 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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