QUESTION 7 LAST NATIONAL BANK BALANCE SHEET ASSETS LIABILITIES & NET WORTH cash in the vault: $300,000 demand deposits: $3,000,000 deposit at the Fed $100,000 US treasury bonds: $300,000 loans: $1,900,000 building: $1,000,000 capital stock: $600,000 TOTALS: $3,600,000 TOTALS: $3,600,000 "Assuming the required reserve ratio is 20%, what is this bank's reserve position?" "Excess reserves of $200,000" "Reserve shortfall of $200,000" "Reserve shortfall of $300,000" Can t tell from the available information