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. What is the quantity of loans and the quantity of total deposits when the banks have no excess reserves? >>> Answer to 2 decimal places. The total quantity of loans after the banks have lent all their excess reserves is $million. Assets Liabilities (millions of dollars) Reserves at the Fed 20 Checkable deposits 90 Cash in vault 10 Savings deposits 90 Securities 50 Loans 100

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. What is the quantity of loans and the quantity of total deposits when the banks have no excess reserves? >>> Answer to 2 decimal places. The total quantity of loans after the banks have lent all their excess reserves is $million. Assets Liabilities (millions of dollars) Reserves at the Fed 20 Checkable deposits 90 Cash in vault 10 Savings deposits 90 Securities 50 Loans 100

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!