What level of excess reserves does the bank now have

Reference no: EM131046588

Third National Bank has reserves of $20,000 and checkable deposits of $200,000. The reserve ratio is 10 percent. Households deposit $20,000 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? $.

Reference no: EM131046588

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