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Suppose you deposit $2,000 cash from under your mattress in First National Bank. The required reserve ratio is 10%. Complete the following balance sheet to
Suppose you deposit $2,000 cash from under your mattress in First National Bank. The required reserve ratio is 10%.
Complete the following balance sheet to showchangesin the bank's assets and liabilities.
First National Bank
Assets (Dollars) Liabilities(Dollars)
Reserves ___________ Checking deposits____________
Required __________
Excess ___________
Total assets ___________ Total liabilities _________
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