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Macroeconomics 19th Edition by Campbell McConnell , Stanley Brue,Sean Flynn
Edition 19ISBN: 978-0077337728Macroeconomics 19th Edition by Campbell McConnell , Stanley Brue,Sean Flynn
Edition 19ISBN: 978-0077337728 Exercise 3
The Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio iS20 percent. Households deposit $5000 in currency into the bank and that currency is added to reserves. What level of excess reserves does the bank now have?
Explanation
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The level of excess reserves having the ...
Macroeconomics 19th Edition by Campbell McConnell , Stanley Brue,Sean Flynn
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