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6. Again, assuming the balance sheet for Last National Bank as the starting point, Marsha receives her weekly paycheck via direct deposit to her account at LNB. Her paycheck is $1,000. What is the new excess reserves? 7. Refer to the balance sheet for The River Bank. Total Reserves for the bank are: 8. Refer to the balance sheet for The River Bank. If we assume there is a 10% required reserve ratio, the excess reserves must be: 9. Let's assume that the required reserve ratio for The River Bank is indeed 10%. Suppose that The River Bank finds itself with a very attractive opportunity to make a $20,000 loan and goes forward with the loan. Further assume that making the loan will not create a deposit at this bank and that no further deposits are available at this time. Which of the following statements is then true? 10. Let's assume that Jon has $1,000 in currency that he has been carrying around. Jon decides this is unsafe and deposits the full \$100o into his checking account at The River Bank By how much has total M1 in the country changed by this transaction alone? Last National Bank Assets Liabilities and Capital Loans ? Total reserves: Required Reserve Ratio: The River Bank (marketing slogan: "we specialize in liquidity")