A commercial bank has excess reserves of $500 and a required reserve ratio of 20%; it grants a loan of $1000 to a borrower. If the borrower writes a check for $1000 which is deposited in another commercial bank, the first bank will be short of reserves, after the check has been cleared, in the amount of:
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A commercial bank has excess reserves of $500 and a required reserve ratio of 20%; it grants a loan...
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