The Bank of Ontario has reserves of $10,000 and deposits of $50,000. The desired reserve ratio is 20 percent. Households

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The Bank of Ontario has reserves of $10,000 and deposits of $50,000. The desired reserve ratio is 20 percent. Households

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The Bank Of Ontario Has Reserves Of 10 000 And Deposits Of 50 000 The Desired Reserve Ratio Is 20 Percent Households 1
The Bank Of Ontario Has Reserves Of 10 000 And Deposits Of 50 000 The Desired Reserve Ratio Is 20 Percent Households 1 (16.71 KiB) Viewed 14 times
The Bank of Ontario has reserves of $10,000 and deposits of $50,000. The desired reserve ratio is 20 percent. Households deposit $10,000 in currency in the bank, which is added to reserves. How much excess reserves does the bank now have? Excess reserves = $0
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