1. Below is the balance sheet for Tribank. The required reserve ratio is 9.00%. Deposits fall by $9. Is the bank deficient or have excess reserves and by how much?

asset		liabilities
reserves	15	deposits	92
loans	50	capital	18
treasury securities	45

A. Deficient by -$14.28 B. Deficient by -$1.47 C. Excess of $7.53 D. Excess of $9.00

2. Suppose there is a deposit outflow of $11. The reserve requirement is 10.00%. To meet the shortfall the bank sells loans for $0.76 cents on the dollar. How many loans are required to sell?

assets		liabilities
reserves	15	deposits	100
loans	84	capital	9
treasury securities	10

A. $6.45 B. $4.90 C. $7.89 D. $5.26