Table 1

First National Bank
Assets			Liabilities
Reserves	$24,000		Deposits	$148,000
Loans	$124,000

Refer to Table 1. If the reserve requirement is 18 percent, this bank

Group of answer choices

needs $2,640 more reserves to meet its reserve requirements.

has $1,920 of excess reserves.

needs $480 more reserves to meet its reserve req

has $26,640 of excess reserves.

needs $1,920 more reserves to meet its reserve requirements.

Which of the following is the Fed's most common way to change the money supply?

Group of answer choices

Moral suasion

The discount rate

The required reserve rate

Open market operations

Table 15 shows the balance sheet of the Tenth National Bank

Assets	Liabilities
Reserves $621	Deposits $4,600
Loans $3,979
Total: $4,600	Total: $4,600

Refer to Table 15. Assume that this bank lends out its entire excess reserves. If Jerry deposits $486 of cash in a checking account in the Tenth National Bank, what's the maximum change in the money supply in the economy?

Group of answer choices

$486

$1,107

$3,600

$3,800

$4,200