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Exhibit 12-6 Balance sheet of Tucker National Bank Assets Liabilities Required reserves $ 20,000 Checkable deposits $200,000 Excess reserves 0 Loans 180,000 Total Total Suppose
Exhibit 12-6 Balance sheet of Tucker National Bank
Assets | Liabilities | ||
Required reserves | $ 20,000 | Checkable deposits | $200,000 |
Excess reserves | 0 | ||
Loans | 180,000 |
| |
Total | Total | ||
Suppose Connie Rich deposits $10,000 into her checking account in the bank shown in Exhibit 12-6. The result would be a:
zero change in required reserves.
$1,000 increase in required reserves.
$100,000 increase in required reserves.
$20,000 increase in excess reserves.
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