What level of excess reserves does the bank now have

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Third National Bank has reserves of $20,000 and checkable deposits of $200,000. The reserve ratio is 10 percent. Households deposit $10000 in currency into the bank and that currency is added to reserves.what level of excess reserves does the bank now have

Reference no: EM131311972

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What level of excess reserves does the bank now have : Third National Bank has reserves of $20,000 and checkable deposits of $200,000. The reserve ratio is 10 percent. Households deposit $10000 in currency into the bank and that currency is added to reserves.what level of excess reserves does the bank..

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