Need help with these question please, I want to make sure I am doing it right and do not understand a few
The table below is the balance sheet for the Senators Bank. The target reserve ratio is 8%. Assets (1) (2) Liabilities / Equity (1) (2) Reserves $70,000 5 $ IE Demand deposits $380,000 m m Loans 250 , 000 250000| I 289600 Shareholders ' equity 70 , 000 70000 70000 Securities 75 , 000 75000| | 114600 Fixed assets 55 , 000 55000 94600 Total $450,000 m [m Total $450,000 m m a. The size ofthe bank's excess reserves is $ 39600 . b. Change the balance sheet in columns (1) to show the effect of the bank loaning out an amount equal to its excess reserves c. Now change the balance sheet in columns (2) to show the effect of a cheque for the amount of the loan in part (b) clearing against the bank. d. Suppose instead that the target reserve ratio is 18%. What is the bank's reserve situation, and what action will it take? The Senators Bank is by $ and will need to in the amount of $ The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services. Federal Government's Budget Plan for Fiscal Year (_$billion) REVENUES OUTLAYS Personal income taxes $110 Transfers to persons $45 Corporate income taxes 24 Spending grants to other levels of government 48 Other income taxes 1 Public debt charges 31 GST and excise taxes 50 Direct program spending 70 BI premiums 18 Total Outlays 194 Other revenues 23 Projected Budget Plan Surplus 32 Total Revenues 226 a. The projected NTR in this budget plan is $ 194 billion. b. The value of NTR less government spending on goods and services (G) is $5 billion. Round your answers to 1 decimal place. c. The percentage of total revenue made up by personal income taxes is |:| %. d. The percentage of total revenue made up by corporate income taxes is |:| %. e. The percentage oftotal outlays made up by transfer payments to persons is |:| %. f. The percentage of total outlays made up by public debt charges is |:| %