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An Fl is planning to issue $16,000,000 in commercial loans. It will finance all of it by issuing demand deposits. There is a 9 percent

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An Fl is planning to issue $16,000,000 in commercial loans. It will finance all of it by issuing demand deposits. There is a 9 percent average reserve requirement on demand deposits, all reserves are held in the form of cash, and $500,000 of funding is through equity Which of the following is a simple balance sheet with total assets and total liabilities and equity, assuming this is the only project funded by the bank? Assets Liabilities Cash Loom 2,082,418 16,000,000 Demand deposits 17,582,418 Equity 500,000 Total 18.082 418 18.082 418 Assets Liabilities Cash Loan 1,532,967 16,000,000 Demand deposits 17,032,967 Equity 500,000 Total 17.532.967 17532.967 Assets Liabilities Cash Loan 1.456,319 16,000,000 Demand deposits Equity 1,440,000 16,016,319 Total 177.456.319 17456.312 Liabilities Assets Cash Loan 6,983,516 16,000,000 Demand deposits 22,483,516 Equity 300,000 12.512962 Total 12.512.967 Assets Liabilities Cash Loan 1,440,989 16,000,000 Demand dopouts 13.967,033 Equity 3,473,956 17440,989 Total 17.440.989

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