Third national bank has reserves of 20000 and checkable


Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20 percent. Households deposit $5,000 in currency into the bank and that currency is added to reserves.

Instructions: Enter your answer as a whole number.

What level of excess reserves does the bank now have? $_________.

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Microeconomics: Third national bank has reserves of 20000 and checkable
Reference No:- TGS0947523

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