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Answer to Question #263173 in Macroeconomics for hdkwn

Question #263173

if kaci finds $1000 under her bed and deposits in a bank what is immediate change in the required bank reserves?


1
Expert's answer
2021-11-10T10:02:06-0500

Considering that excess reserves are funds that a bank keeps back beyond what is required by regulation, the banks excess reserves will increase by $1000.


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