Balance sheet of the Summer bank
Assets
Liabilities
Cash $ 8,000
Deposited with the Fed $ 6,000
Loans $ 116,000
Deposits $ 80,000
Capital $ 50,000
Total $ 130,000
The required reserve ratio (RRR) on all deposits is 8%
a. What, if any, are this bank's excess reserves?
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here