Top Posters
Since Sunday
o
2
1
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Tidy Tidy
wrote...
Go to Answer
Posts: 4852
Rep: 38 0
9 years ago
Suppose a bank has the following balance sheet:

Assets   Liabilities
Reserves    $14,000   Deposits   $100,000
Loans      $90,000   Net Worth    $4,000

If the required reserve ratio is 10 percent, how much excess reserves does the bank have? What is the maximum amount that the bank can expand its loans?
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 138 times
1 Reply
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
Replies
Answer verified by a subject expert
SydnieSydnie
wrote...
#1
Top Poster
Posts: 3807
Rep: 458 1
9 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Tidy Author
wrote...

9 years ago
Brilliant ツ
ouasfoudgewu
wrote...

Yesterday
You make an excellent tutor!
alpheratz
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  933 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 2151
  
 113
  
 596
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 405
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?