The third national bank has reserves of 20000 and checkable
The Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20 percent. Households deposit $5000 in currency into the bank that is added to reserves. What level of excess reserves does the bank now have?
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the third national bank has reserves of 20000 and checkable deposits of 100000 the reserve ratio is 20 percent
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