Bnk has the following balance sheet reserves 760 loans
Bank has the following balance sheet. Reserves = $760, Loans = $7,800, T-bills = $560, Deposits = $8,000, and Debt = $800. Reserve requirement is 8%. How much excess reserves the bank holds?
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bank has the following balance sheet reserves 760 loans 7800 t-bills 560 deposits 8000 and debt 800 reserve
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