11. Bank West's Balance Sheet Assets ​ Liabilities Cash $600 Deposits $20 000 Deposits at Bank of Canada $700 Capital $1 100 Loans and Mortgages $19 800 $21 100 $21 100 TABLE 26-3 Refer to Table 26-3....

11.

Bank West's Balance Sheet

Assets

​

Liabilities

Cash

$600

Deposits

$20 000

Deposits at Bank of Canada

$700

Capital

$1 100

Loans and Mortgages

$19 800

$21 100

$21 100

TABLE 26-3


Refer to Table 26-3. Assume that Bank West is operating at its target reserve ratio and has no excess reserves. If Bank West receives a new deposit of $1500, it can immediately expand its loans by ________ while maintaining its target reserve ratio.