Business, 05.05.2020 14:57 Aethis

A commercial bank has excess reserves of $5000 and a required reserve ratio of 20 percent. it makes a loan of $6000 to a borrower. the borrower writes a check for $6000 that is deposited in another commercial bank. after the check clears, the first bank will be short of reserves in the amount of:

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A commercial bank has excess reserves of $5000 and a required reserve ratio of 20 percent. it makes...