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wing information, related to E▪ a. omy Alpha contains many bar of them is Bank One, which I ¯ve requirement of 10% and th wing information: 00 cash in Bank One's vault 30 US government bonds helc One

wing information, related to E▪ a. omy Alpha contains many bar of them is Bank One, which I ¯ve requirement of 10% and th wing information: 00 cash in Bank One's vault 30 US government bonds helc One

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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For the next two questions, consider the following information, related to Economy Alpha. Economy Alpha contains many banks. One of them is Bank One, which has a reserve requirement of 10% and the following information: $8000 cash in Bank One's vault $2000 US government bonds held by Bank One $100,000 checking deposits in Bank One $4000 Deposit in the Fed for Bank One $12,000 savings deposits in Bank One Calculate Bank One's excess reserves, carefully following all numeric instructions.
Transcribed Image Text:For the next two questions, consider the following information, related to Economy Alpha. Economy Alpha contains many banks. One of them is Bank One, which has a reserve requirement of 10% and the following information: $8000 cash in Bank One's vault $2000 US government bonds held by Bank One $100,000 checking deposits in Bank One $4000 Deposit in the Fed for Bank One $12,000 savings deposits in Bank One Calculate Bank One's excess reserves, carefully following all numeric instructions.
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