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End-of-Chapter Exercise 19 Question Help Oldhat Financial starts its first day of operations with $10 million in capital. A total of $135 million in checkable
End-of-Chapter Exercise 19 Question Help Oldhat Financial starts its first day of operations with $10 million in capital. A total of $135 million in checkable deposits are received. The bank makes a $15 million commercial loan and another $40 million in mortgages, with the following terms: 200 standard 30-year, fixed-rate mortgages with a nominal annual rate of 5.25%, each for $200,000. Assume that required reserves are 8%. Complete the bank's balance sheet provided below. (Round your responses to the nearest whole number.) Assets Liabilities million Checkable deposits Required reserves Excess reserves Loans $1 $ million million $ million Bank capital million Enter your answer in the edit fields and then click Check
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