If the required reserve ratio is 10 percent,currency in circulation is $400 billion,checkable deposits are $1,000 billion,and excess reserves total $1 billion,then the excess reserves-checkable deposit ratio is

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The required reserves can be calculated as $1000 billion * 0.1 = $100 billion. The total reserves held by banks are the sum of required reserves ($100 billion) and excess reserves ($1 billion), which is $101 billion. Therefore, the excess reserves-checkable deposit ratio is $1 billion divided by $1000 billion, which is 0.001.

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