Business, 30.03.2020 21:32, addisonrausch

Consider the information for First National Bank: it has $80 million in checkable deposits, $15 million in deposits with the Federal Reserve, $5 million cash in the bank vault, and $5 million in government bonds. If the reserve ratio is 20%, what are the excess reserves available for the bank to lend

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Consider the information for First National Bank: it has $80 million in checkable deposits, $15 mill...