If the required reserve ratio is 10 percent,currency in circulation is $400 billion,checkable deposits are $800 billion,and excess reserves total $0.8 billion,then the excess reserves-checkable deposit ratio is

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The excess reserves-checkable deposit ratio is calculated by dividing the excess reserves by the checkable deposits. Here, it is $0.8 billion / $800 billion = 0.001.

If the Required Reserve Ratio Is 10 Percent,currency in Circulation