LAST CHANCE BANK OF TOMBSTONE ASSETS cash in the vault: deposits at Fed US treasury bonds: loans: Building: TOTALS: $900,000 $100,000 $300,000 $3,700,000 $2,000,000 $7,000,000 - BALANCE SHEET LIABILITIES & demand deposits: capital stock: TOTALS: If the required reserve ratio is 5%, what is the level of excess reserves this bank holds? "$900,000" O "$1,000,000" O "$750,000" O "$500,000" O "$400,000" NET WORTH $5,000,000 $2,000,000 $7,000,000

LAST CHANCE BANK OF TOMBSTONE ASSETS cash in the vault: deposits at Fed US treasury bonds: loans: Building: TOTALS: $900,000 $100,000 $300,000 $3,700,000 $2,000,000 $7,000,000 - BALANCE SHEET LIABILITIES & demand deposits: capital stock: TOTALS: If the required reserve ratio is 5%, what is the level of excess reserves this bank holds? "$900,000" O "$1,000,000" O "$750,000" O "$500,000" O "$400,000" NET WORTH $5,000,000 $2,000,000 $7,000,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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