question 1. A new bank has vault cash of $1.5 million and $4 million in deposits held at its Federal Reserve District Bank. If the required reserves ratio is 6 percent, what dollar amount of deposits can the bank have?

(Round answer to 0 decimal places, e.g. 150.)

Bank deposits

$

Question 2

Please show work for both problems

The following three one-year "discount" loans are available to you: Loan A: $189,213 at a 8.0 percent discount rate Loan B: $179,213 at a 7.0 percent discount rate Loan C: $199,213 at a 7.5 percent discount rate v (a) Your answer is correct. Determine the dollar amount of interest you would pay on each loan and indicate the amount of net proceeds each loan would provide. (Round answers to 0 decimal place, e.g. 5275.) Interest Net Proceeds M 174075.96 Loan A 15,137.04 Loan B 12544.91 166668.09 Loan C 14940.98 184272.03 SHOW SOLUTION LINK TO TEXT Attempts: 2 of 2 used (61) Calculate the percent interest rate or effective cost of each loan. (Round answers to 2 decimal places, e.g. 52.75.) Loan A % Loan B % Loan c %