Third National Bank has reserves of $10,000 and checkable deposits of $100,000. The reserve ratio is 10 percent. Households deposit
$10,000 in currency into the bank, and the bank adds that currency to its reserves. What amount of excess reserves does the bank
now have?
Instructions: Enter your answer as a whole number.
$

Question

03-12-2022
Business

Answered

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Third National Bank has reserves of $10,000 and checkable deposits of $100,000. The reserve ratio is 10 percent. Households deposit
$10,000 in currency into the bank, and the bank adds that currency to its reserves. What amount of excess reserves does the bank
now have?
Instructions: Enter your answer as a whole number.
$

Sagot :

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