1.When a bank customer deposits $1,000 into her checking and $1,000 into her savings and there is a reserve requirement ratio of 5%, how is this recorded in the bank's balance sheets? Group of answer choices $50 in required reserves and $1,950 in excess reserves $1,000 in required reserves and $1,000 in excess reserves $50 in excess reserves and $1,000 in required reserves $1,000 in excess reserves and $50 in required reserves 2. A bank has total reserves of $40,000, required reserves of $2,000, and excess reserves of $8,000. The reserve requirement ratio is 10%. How much does this bank hold as demand deposits? Group of answer choices $20,000 $40,000 $8,000 $10,000 3. A bank has total reserves of $40,000, required reserves of $2,000, and excess reserves of $8,000. The reserve requirement ratio is 10%. Johnny withdraws $500 from his demand deposit account. How does this affect the bank's balance sheet? Group of answer choices Total reserves decrease by $500, required reserves decrease by $50, excess reserves decrease by $450, and demand deposits decrease by $500. Excess reserves decrease by $500 and demand deposits decrease by $500. Total reserves decrease by $500, required reserves decrease by $500, and demand deposits decrease by $500. Total reserves increase by $500, excess reserves increase by $500, and demand deposits increase by $500. 4. Bank QRS holds $5,000 in total reserves, $1,000 in required reserves, and $4,000 in excess reserves. Kathleen wants to withdraw $6,000 from her savings deposit account. What course of action will the bank take? Group of answer choices Bank QRS will borrow $2,000 from another commercial bank or from the central bank to add to the $4,000 in excess reserves. Bank QRS will tell Kathleen that it cannot meet her request. Bank QRS will use its total excess reserves and required reserves to meet her request. Bank QRS will print enough cash to meet Kathleen's request. 5. Bank EFG has $4,000 in total reserves, $500 in required reserves, and $3,500 in excess reserves. The required reserve ratio is 10%. Marcia needs a loan of $200. How is this recorded in the bank balance sheets? Group of answer choices Total reserves are decreased by $200, excess reserves are decreased by $200, and loans are increased by $200. Total reserves are decreased by $200, excess reserves are decreased by $100, required reserves are decreased by $100, and loans are increased by $200. Loans are increased by $200 and debt is increased by $200. Loans are decreased by $200 and increased by $200. 6. Bank ABC receives $5,000 in new demand deposits. The reserve requirement ratio is 10%. What happens to the total money supply in the economy? Group of answer choices The money supply increases by $45,000. The money supply increases by $50,000. The money supply decreases by $50,000. The money supply increases by $5,000