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Hello! I'd appreciate help in problems 2,3,5, and 6. AP Macroeconomics Name Reserve Requirement Homework (6 Points) 1. Suppose South Holland Bank has excess reserves

Hello! I'd appreciate help in problems 2,3,5, and 6.

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AP Macroeconomics Name Reserve Requirement Homework (6 Points) 1. Suppose South Holland Bank has excess reserves of $23,000 and checkable deposits of $250,000. If the Fed sets the reserve requirement at 10%, what are the bank's actual reserves? 2. Suppose South Holland Bank has the following deposits: Demand Deposits: $230,000 Savings Deposits: $170,000 Time Deposits: $200,000 Total Deposits: $600,000 If the reserve requirement is 10%, what reserves should the bank hold? 3. Suppose that South Holland Bank has checkable deposits of $460,000 and they operate with zero excess reserves. If the Fed increases the reserve requirement from 10% to 12%, by how much will the bank's reserves change? 4. Suppose South Holland Bank has actual reserves of $84,000 and checkable deposits of $360,000. If the reserve requirement is 20%, what are the bank's excess reserves? 5. If the Fed raises the reserve requirement, what will happen to the amount of money banks have to lend out or use to buy securities? 6. Thrifts usually hold a higher percentage of deposits in savings and time deposits than commercial banks. Given this, which type of institution, thrifts or banks, is more sensitive to changes in the reserve requirement

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