6. Again, assuming the balance sheet for Last National Bank as the starting point, Marsha receives her weekly paycheck via direct deposit to her account at LNB. Her paycheck is $1000. What is the new excess reserves?

7. Refer to the balance sheet for The Riverbank. Total reserves for the bank are?

8. Refer to the balance sheet for The Riverbank. If we assume there is a 10% required reserve ratio, the excess reserves must be:

10. Let's assume that Jon has $1000 in currency that he has been caring around. Jon decides this isn't safe and deposits the full $1000 dollars into his checking account at The Riverbank. How much has total M1 in the country changed by this transaction alone?

::: Apps M Gmail YouTube Maps News Translate download these two balance sheets as .csv files here. As always, you should submit your answers in t Learning management system for your school (D2L at LCC). Last National Bank Assets Liabilities and Capital Required Reserves $30,000 Checkable Deposits $200,000 Excess Reserves So Net Capital $10,000 Loans ? Total reserves: Required Reserve Ratio: Assets Liabilities and Capital Deposits at The Fed $40,000 Checkable Deposits $500,000 Cash on $10,000 Hand (Vault cash) Securities Sold/Issue $10,000 d Securities Owned $150,000 Net Capital $10,000 Loans $300,000 Other Long- term Assets $20,000 Total Reserves On Hand: Required Resenies: Excess Reserves ::: Apps M Gmail YouTube Maps News Translate download these two balance sheets as .csv files here. As always, you should submit your answers in t Learning management system for your school (D2L at LCC). Last National Bank Assets Liabilities and Capital Required Reserves $30,000 Checkable Deposits $200,000 Excess Reserves So Net Capital $10,000 Loans ? Total reserves: Required Reserve Ratio: Assets Liabilities and Capital Deposits at The Fed $40,000 Checkable Deposits $500,000 Cash on $10,000 Hand (Vault cash) Securities Sold/Issue $10,000 d Securities Owned $150,000 Net Capital $10,000 Loans $300,000 Other Long- term Assets $20,000 Total Reserves On Hand: Required Resenies: Excess Reserves