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QUESTION
A bank has checkable deposits of $200, loans of $120 and reserves of $80. The required reserve ratio is 5%. Then this bank currently has excess...
A bank has checkable deposits of $200, loans of $120 and reserves of $80. The required reserve ratio is 5%. Then this bank currently has excess reserves of ____. Next, an individual opens a new deposit account and deposits $300. After the new deposit, but before the bank transforms any excess reserves, the bank has excess reserves of ____.Answer
