Question
A bank has $251 million in total reserves, of which $9 million are excess reserves. The bank currently has $3.592 billion in loans, $1.008 billion
A bank has $251 million in total reserves, of which $9 million are excess reserves. The bank currently has $3.592 billion in loans, $1.008 billion in securities, and $137 million in other assets. The required reserve ratio for transactions deposits is 12 percent.
Calculate the sum of this bank's total amount of liabilities and net worth
$_____billion.(Round your answer to two decimal places.)
Calculate the additional amount of loans this bank can make to households and firms.
$_____million.
Calculate the current quantity of transactions deposits at this bank.
$____billion.(Round your answer to two decimal places.)
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