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Suppose that National Bank of Guerne ville has $33 million in checkable deposits, Commonwealth Bank has $44 million in checkable deposits, and the required reserve

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Suppose that National Bank of Guerne ville has $33 million in checkable deposits, Commonwealth Bank has $44 million in checkable deposits, and the required reserve ratio for checkable deposits is 10%. If National Bank of Guerneville has $4 million in reserves and Commonwealth has $5 million in reserves, how much in excess reserves does each bank have? (Enter your answers rounded to one decimal place.) National Bank of Guemeville has $ million in excess reserves Commonwealth Bank has $ million in excess reserves Now suppose that a customer of National Bank of Guemeville writes a check for $1 million to a real estate broker who deposits the check at Commonwealth. After the check clears, how much in excess reserves does each bank have? National Bank of Guemeville has $ million in excess reserves Commonwealth Bank has $ million in excess reserves

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