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Saved omework i Connect Problem CP 15-08 (algo) The balance sheet for the newly formed ACME Bank is shown below. Reserves listed on the balance

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Saved omework i Connect Problem CP 15-08 (algo) The balance sheet for the newly formed ACME Bank is shown below. Reserves listed on the balance sheet are reserves on deposit at the Federal Reserve. Cash is vault cash held in the bank. Instructions: Enter your answers as a whole number. a. Fill in the missing value in the balance sheet. ACME Bank Balance Sheet Assets Liabilities and net worth Cash 19,000 Checkable deposits $ 115,000 Reserves 98,000 Stock shares 280,000 Property b. If the reserve requirement is 10 percent, how much in excess reserves is the bank holding? $

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