Please help with question/part h. only as the response in the red box is not correct. The answer is not $500,000.

The answer is not $600,000 or $60,000 or $30,000 as I have tried it and it came out wrong.

Please help with part h. only, thank you!

The table below is the current balance sheet for the Maple Leafs Bank. Answer the following questions assuming that the bank's target reserve ratio is 10%. Assets Liabilities / Equity (1) (2) $ 120,000 $ 90,000 (1) $ 930,000 (2) $ 900,000 Reserves $120,000 Demand deposits $900,000 Loans 710,000 500,000 500,000 680,000 710,000 Shareholders' equity 500,000 250,000 Securities 250,000 250,000 Fixed assets 350,000 350,000 350,000 Total $1,400,000 1,430,000 1,400,000 Total $1,400,000 1,430,000 1,400,000 a. This bank is over-reserved by $ 30,000 Suppose that there are a total of 9 other banks in the economy and that the balance sheet for the whole banking system is presented in the table below. Assume that each of the other banks also has a target reserve ratio of 10%. Assets Liabilities / Equity (1 all) $ 1,200,000 (1 all) $ 12,000,000 Reserves $1,200,000 Demand deposits $9,000,000 9,800,000 Loans 6,800,000 Shareholders' equity 5,000,000 5,000,000 2,500,000 Securities 2,500,000 Fixed assets 3,500,000 3,500,000 Total $14,000,000 17,000,000 Total $14,000,000 17,000,000 f. In the table above, show the balance sheet of this banking system when it is fully loaned up. Use columns (1 all). g. The increase in the money supply as a result of all the banks becoming fully loaned up is $ 3,000,000 h. Returning to the original balance sheet. What would be the consequence of the economy's central bank imposing a 20% required reserve ratio on all banks? by $ 600,000 and $ 500,000 The Banking system would be under-reserved in. worth of loans would have to be called +