a) First Charter Bank Assets Liabilities & Net Worth Reserves: $50,000 Required: $40,000 Excess: ? Loans ? Deposits: $400,000 Net Worth ? Total $700,000 Total $700,000 Refer to the table above. What is the required reserved ratio for First Charter Bank? ( Questions re the table is based on the information given in a)

b) The Net Worth for First Charter Bank is?

$700,000

$400,000

$200,000

$300,000

Refer to the table above. First Charter Bank's excess reserves are?

$10,000

$20,000

$60,000

$90,000

Refer to the table above. The total loans of First Charter Bank equal $______

$640,000

$600,000

$650,000

$610,000

If the money market is in equilibrium at 5% interest rate, and market forces push the interest rate up to 7%, what is likely to happen in the market?

Shortage of money and the interest rate will decline

Shortage of money and the interest rate will rise

Surplus of money and the interest rate will decline

Surplus of money and the interest rate will rise