Answered step by step
Verified Expert Solution
Question
1 Approved Answer
fill in T charts F46 I ) 2 DE G H NAME Any addition to checking adds to reserves. Excess reserves can be transitioned to
fill in T charts
F46 I ) 2 DE G H NAME Any addition to checking adds to reserves. Excess reserves can be transitioned to loan Any reduction in checking is paid for out of reserves. Assume the bank has required reserves of 10% 6 Action 1 John deposits $100 cash in the bank to open a cecking account Bank of TAMUT Required Excess Liabilkieslcapital 100 John Checking Reserves How much cash exists 100 Action 2 The bank makes a loan to Janet for 90$ 888*GESAW3303 Bank of TAMUT Loans Required Excess Assets Reserves Loan Janet Liabilitiesloapital John Checking 32 How much money (1 How much excess reserves Problem 1 O Type here to search Calibri II A - $. 9 Merge & Center - | BI 0 - 1 Paste 0 - A - Clipboard Alignment Font 5 546 : x for How much money (m1) 33 How much onces reserve Action 3 Janet spends the 90% on abike. The bikeshop owner deposits the sin a checking account in the bank Bank of TAMUT Loans RequiredExcess Assets Liabilities John Checking Loan Janet Bike Shop checking 45 How much money in 1 48 How much excessieser bank makes the loan for 811 tom for 10% He opens achecking account in the bank Bank of TAMUT Paved Eest i s o apital John Checking Bike Shop checking Kim Checking 14 How much money Problem E O Type here to search Calibri BIU Merge & Center Paste a WA- Alignment Font Clipboard F46 Bike Shop checking Kim Checking 64 How much moneyim 65 How much excess reserv 68 Action 5 John tites a check for 20$ Kimwites a check for 140 Bank of TAMUT Required Excess Assets Lisbilledeapaal John Checking Loan Janet reserves L l kim Bike Shop checking Kim Checking 83 How much money im 11 Problem 18 O Type here to search Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started