Illustrate what level of excess reserves does the bank have

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Q. The Third National Bank has reserves of $20,000 and checkable deposits of $200,000. The reserve ratio is 10 percent. Households deposit $5,000 in currency into the bank that is added to reserves. Illustrate what level of excess reserves does the bank now have?

Q. If the store currently charges a price of $50, then increase that price to $60, what happens to total revenue from shoe sales (calculate P *Q before and after the price change)?

Reference no: EM1347645

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