What is the amount of excess reserves

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Reference no: EM131045434

Total cash reserve in the ban king system amount to $78 billion of which $30 billion are legal require reserves. Currency and coin in public hands total $60 bill ion. Total deposits in the ban king system amount to $ 600 million. What is the amount of excess reserves? Please explain step by step why this is the answer.|

Reference no: EM131045434

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