What level of excess reserves does the bank have, Microeconomics

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What level of excess reserves does the bank have

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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Microeconomics: What level of excess reserves does the bank have

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Microeconomics: What level of excess reserves does the bank have

Reference No:- TGS047761

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Recent Questions Asked Microeconomics

Q : Compute operating income for april

Q : Double-declining-balance method problem

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Q : What was the amount of ending inventory

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What level of excess reserves does the bank have

Reference No:- TGS047761

Recent Questions Asked Microeconomics

Q : Compute operating income for april

Q : Double-declining-balance method problem

Q : Find the subgame perfect equilibria of each game

Q : What was the amount of ending inventory

Q : What level of excess reserves does the bank have

Q : Calculate superior camera ending inventory

Q : Determine the second year depreciation for an asset

Q : How policy affects consumer surplus and cost of pollution

Q : How many units were produced during the period

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