Question
NewBank started its first day of operations with $115115 million in capital. A total of $109109 million in checkable deposits is received. The bank makes
NewBank started its first day of operations with
$115115
million in capital. A total of
$109109
million in checkable deposits is received. The bank makes a
$2727
million commercial loan and another
$2929
million in mortgage loans. The required reserve ratio is
9.69.6%.
(Note:
Information is based on NewBank's first month of operations.)
Complete NewBank's balance sheet shown below: (Round your responses to the nearest whole number.)
Assets | Liabilities | ||||||
Required reserves | $nothing | million | Checkable deposits | $nothing | million | ||
Excess reserves | $nothing | million | Bank capital | $nothing | million | ||
Loans | $nothing | million |
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