Below is the balance sheet for a bank. Under "Other" it has listed "$X" just think of this as the dollar ambunt needed to make the balance sheet balance, It is not important what that value is for this question. Assets Liabilities Reserves 32 Deposits 200 Loans 160 Securities 44 Other $X Using the balance sheet above, find the level of excess reserves this bank is holding if the required reserve ratio - 8% (Give answers to 2 decimal places as needed)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Question

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Below is the balance sheet for a bank. Under "Other" it has listed "$X" just think of
this as the dollar ambunt needed to make the balance sheet balance, It is not
important what that value is for this question.
Assets
Liabilities
Reserves
32
Deposits
200
Loans
160
Securities
44
Other
$X
Using the balance sheet above, find the level of excess reserves this bank is holding if
the required reserve ratio - 8%
(Give answers to 2 decimal places as needed)
Transcribed Image Text:Below is the balance sheet for a bank. Under "Other" it has listed "$X" just think of this as the dollar ambunt needed to make the balance sheet balance, It is not important what that value is for this question. Assets Liabilities Reserves 32 Deposits 200 Loans 160 Securities 44 Other $X Using the balance sheet above, find the level of excess reserves this bank is holding if the required reserve ratio - 8% (Give answers to 2 decimal places as needed)
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