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Third National Bank has reserves of $10,000 and checkable deposits of $100,000. The reserve ratio is 10 percent. Households deposit $20,000 in currency into the bank and that currency is added to reserves.
What level of excess reserves does the bank now have?
Illustrate what effect will each of the following events have on the current account balance and the exchange rate if the exchange rate is fixed.
Privatization in transition economies is often justified on the grounds of increasing. The text defines an economic system as. Which of the following legal forms of business organization provides for limited liability?
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If a bank has $100 million in deposits and $16 million in reserves with a reserve requirement of 0.15,
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