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Question 26 Metropolis National Bank Assets Liabilities Reserves $60,000 Deposits $500,000 Loans· $440,000 Other liabilities $30,000 Other assets $100,000 Total liabilities $530,000 Capital $70,000 Total assets $600,000 Total Liabilities $600,000 and Capital Use the above bank balance sheet. Suppose the reserve requirement ratio is 10%. What is this bank level of required reserves O 10% of reserves - $6,000. 10% of Total Liabilities $53,000 10% of Deposit Liabilities $50,000 O 10% of total assets $60,000

Question 26 Metropolis National Bank Assets Liabilities Reserves $60,000 Deposits $500,000 Loans· $440,000 Other liabilities $30,000 Other assets $100,000 Total liabilities $530,000 Capital $70,000 Total assets $600,000 Total Liabilities $600,000 and Capital Use the above bank balance sheet. Suppose the reserve requirement ratio is 10%. What is this bank level of required reserves O 10% of reserves - $6,000. 10% of Total Liabilities $53,000 10% of Deposit Liabilities $50,000 O 10% of total assets $60,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Question 26 Metropolis National Bank Assets Liabilities Reserves $60,000 Deposits $500,000 Loans· $440,000 Other liabilities $30,000 Other assets $100,000 Total liabilities $530,000 Capital $70,000 Total assets $600,000 Total Liabilities $600,000 and Capital Use the above bank balance sheet. Suppose the reserve requirement ratio is 10%. What is this bank level of required reserves? 10% of reserves - $6,000. O 10% of Total Liabilities $53,000 10% of Deposit Liabilities= $50,000 O 10% of total assets - $60,000O
Transcribed Image Text:Question 26 Metropolis National Bank Assets Liabilities Reserves $60,000 Deposits $500,000 Loans· $440,000 Other liabilities $30,000 Other assets $100,000 Total liabilities $530,000 Capital $70,000 Total assets $600,000 Total Liabilities $600,000 and Capital Use the above bank balance sheet. Suppose the reserve requirement ratio is 10%. What is this bank level of required reserves? 10% of reserves - $6,000. O 10% of Total Liabilities $53,000 10% of Deposit Liabilities= $50,000 O 10% of total assets - $60,000O
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