The bank plans to hold $7 for every $100 in deposits. The bank holds actual reserves of $11,000 and desired reserves of $7,000. What is the bank's desired reserve ratio and its excess reserves? >>> Answer to 2 decimal places. The bank's desired reserve ratio is percent. The banks excess reserves are S[

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Q: reserves

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Q: Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is…

A: The following problem has been solved as follows:

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A:

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