Suppose that the reserve ratio is .25, ad that a bank has actual reserves of $15,000, loans of $40,000, and demand deposits of $50,000. Excess reserves are $
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Excess reserves refer to thedifference between a bank's vault cash and its reserves deposited at the Reserve Bank minimum amount
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Excess reserves refer to thedifference between a bank's vault cash and its reserves deposited at the Reserve Bank minimum amount
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