The balance sheet for the newly formed ACME Bank is shown below. Reserves listed on the balance sheet are reserves on deposit at the Federal Reserve. Cash is vault cash held in the bank. Instructions: Enter your answers as a whole number. a. Fill in the missing value in the balance sheet. ACME Bank Balance Sheet Assets Cash Reserves Property $ Liabilities and net worth 15,000 Checkable deposits 102,000 Stock shares $ 116,000 310,000 b. If the reserve requirement is 25 percent, how much in excess reserves is the bank holding?

The balance sheet for the newly formed ACME Bank is shown below. Reserves listed on the balance sheet are reserves on deposit at the Federal Reserve. Cash is vault cash held in the bank. Instructions: Enter your answers as a whole number. a. Fill in the missing value in the balance sheet. ACME Bank Balance Sheet Assets Cash Reserves Property $ Liabilities and net worth 15,000 Checkable deposits 102,000 Stock shares $ 116,000 310,000 b. If the reserve requirement is 25 percent, how much in excess reserves is the bank holding?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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