The table shows the commercial banks' balance sheet (aggregated over all the banks). The commercial banks' desiredreserve ratio on all deposits is 5 percent and there is no currency drain.Question HelpCalculate the bank's excess reserves.Assets>>> Answer to 2 decimal places.Liabilities(millions of dollars)Reserves at the Fed 20The banks' excess reserves are $Checkable deposits 120million.Cash in vault15, Savings depositsSecurities9065Loans110Enter your answer in the answer box and then click Check Answer.?2 partsremainingClear AllCheck AnswerMacBook AirDIIDDF12888F11F10F7F8F9F5F6F4escF2F3F1&#$%delete%3D!@6.8.412YQWEtabJKFGAScaps lockNMVshiftoptioncommandIT

The commercial banks can keep their reserves either as cash in their vaults or with central bank of…

Question Help ▼ The table shows the commercial banks' balance sheet (aggregated over all the banks). The commercial banks' desired reserve ratio on all deposits is 5 percent and there is no currency drain. Assets Liabilities (millions of dollars) Calculate the bank's excess reserves. Checkable deposits 120 Savings deposits Reserves at the Fed 20 Cash in vault 15 90 >>> Answer to 2 decimal places. Securities 65 Loans 110 The banks' excess reserves are $ million.

Question Help ▼ The table shows the commercial banks' balance sheet (aggregated over all the banks). The commercial banks' desired reserve ratio on all deposits is 5 percent and there is no currency drain. Assets Liabilities (millions of dollars) Calculate the bank's excess reserves. Checkable deposits 120 Savings deposits Reserves at the Fed 20 Cash in vault 15 90 >>> Answer to 2 decimal places. Securities 65 Loans 110 The banks' excess reserves are $ million.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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