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Business, 01.09.2019 00:50 ozzy55

Third national bank has reserves of $20,000 and checkable deposits of $200,000. the reserve ratio is 10 percent. households deposit $15,000 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 $20,000 and checkable deposits of $200,000. the reserve ratio is...
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