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please dont use chat gpt just give me step by step solution thank you Q5. First National Bank has the following balance sheet and faces

please dont use chat gpt
just give me step by step solution
thank you
image text in transcribed
Q5. First National Bank has the following balance sheet and faces a required reserve ratio on deposits of 10% : 1. This banks earn $10 million as an anual after-tax profit. Calculate ROA (return on asset) and ROE (return on equity) for both banks. 2. Assume that depositors withdraw $60 million and the bank experience a $30 million loans default. How should the bank balance sheet change

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