Business, 09.08.2021 21:20 sierravick123owr441
Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20 percent. Households deposit $10,000 in currency into the bank, and the bank adds that currency to its reserves. What amount of excess reserves does the bank now have
Answers: 3
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Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is...
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