Chrome File Edit View History Bookmarks Profiles Tab Window Help G Q Sun Mar 10 11:05 PM ... M Question 5 - Assign X *Course Hero X In Course: ECON 102/ x Macroeconomics_( X Course Hero * *Homework Help - ( x + G 9% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=http... * New Chrome available : N Netflix Mail - Jenna Mcke... Tin Keyano College iL... ATE Welcome to ATB O... McGraw Hill Conn... M My Bookshelf All Bookmarks Assignment # 6 (Ch-8) Part B i Saved Help Save & Exit Submit Check my work 5 The table below is the balance sheet for the Senators Bank. The target reserve ratio is 12%. Assets (1) (2) Liabilities / Equity (1) (2) -ves $70, 000 $ $ Demand deposits $380, 000 $ $ Skipped Loans 250, 000 Shareholders' equity 70,000 Securities 75, 000 Fixed assets 55, 000 Total $450, 000 Total $450, 000 a. The size of the bank's excess reserves is $ b. Change the balance sheet in columns (1) to show the effect of the bank loaning out an amount equal to its excess reserves. c. Now change the balance sheet in columns (2) to show the effect of a cheque for the amount of the loan in part (b) clearing against the bank. d. Suppose instead that the target reserve ratio is 20%. What is the bank's reserve situation, and what action will it take? The Senators Bank is (Click to select) | by $ and will need to (Click to select) in the amount of $ Mc Graw Hill MAR 10 w P NEW