Part I: The Federal Reserve System and the Banking System: (4 points total, 2 points each) Use the following commercial bank balance sheet to answer Questions #1 and #2. Balance Sheet of a Commercial Bank Assets Liabilities & Stockholders' Equity Deposits Total Liabilities 400 400 Reserves Loans U.S. Treasuries Property 100 200 100 100 ? Stockholders' Equity Or Bank Capital Total Liabilities & Stockholders' Equity: ? Total Assets: ? 1. Suppose the required reserve ratio on deposits is 40 percent. Fill in the blank for either a, b, or c below. a. If this bank has a shortage of required reserves, then the shortage is dollars. b. However, if the bank has a surplus of reserves, then the surplus is dollars. c. Finally, if the bank has neither a shortage nor a surplus of reserves, then check this box: Part I: The Federal Reserve System and the Banking System: (4 points total, 2 points each) Use the following commercial bank balance sheet to answer Questions #1 and #2. Balance Sheet of a Commercial Bank Assets Liabilities & Stockholders' Equity Deposits Total Liabilities 400 400 Reserves Loans U.S. Treasuries Property 100 200 100 100 ? Stockholders' Equity Or Bank Capital Total Liabilities & Stockholders' Equity: ? Total Assets: ? 1. Suppose the required reserve ratio on deposits is 40 percent. Fill in the blank for either a, b, or c below. a. If this bank has a shortage of required reserves, then the shortage is dollars. b. However, if the bank has a surplus of reserves, then the surplus is dollars. c. Finally, if the bank has neither a shortage nor a surplus of reserves, then check this box