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FirstBank started its first day of operations having $8 million in capital. $120 million in checkable deposits is received. The bank issues a $30 million

FirstBank started its first day of operations having $8 million in capital. $120 million in checkable deposits is received. The bank issues a $30 million commercial loan and another $30 million in mortgage loan. If required reserves are 10%, what do the bank balance sheets look like? Fill in the banks in the below table. Assets Liabilities Required Checkable Reserves Deposits Excess Reserves Bank Capital Loans

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