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How much in excess reserves does each bank? have

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Problem 1: Suppose that National Bank of Guerneville has $33 million in checkable? deposits, Commonwealth Bank has $40 million in checkable? deposits, and the required reserve ratio for checkable deposits is? 10%. If National Bank of Guerneville has? $4 million in reserves and Commonwealth has? $5 million in? reserves, how much in excess reserves does each bank? have?

Reference no: EM132983816

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