Suppose the National Bank of Commerce has excess reserves of $8000 and outstanding checkable deposits of $150,000.

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Suppose the National Bank of Commerce has excess reserves of $8000 and outstanding checkable deposits of $150,000. If the reserve ratio is 20 percent, what is the size of the bank’s actual reserves?

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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Question Posted: May 23, 2013 07:56 AM

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Suppose the National Bank of Commerce has excess reserves of $8000 and outstanding checkable deposits of $150,000.

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Economics

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