K The table shows the commercial banks' balance sheet (aggregated over all the banks). The commercial banks' desired reserve ratio on all deposits is 10 percent and there is no currency drain. Calculate the bank's excess reserves. >>> Answer to 2 decimal places. The banks' excess reserves are $million. Assets Liabilities (millions of dollars) Reserves at the Fed 20 Checkable deposits Cash in vault 15 Savings deposits Securities 40 Loans 95
K The table shows the commercial banks' balance sheet (aggregated over all the banks). The commercial banks' desired reserve ratio on all deposits is 10 percent and there is no currency drain. Calculate the bank's excess reserves. >>> Answer to 2 decimal places. The banks' excess reserves are $million. Assets Liabilities (millions of dollars) Reserves at the Fed 20 Checkable deposits Cash in vault 15 Savings deposits Securities 40 Loans 95
Chapter14: Banking And The Money Supply
Section: Chapter Questions
Problem 2.3P
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