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Table 1 shows the financial position of Bank Uno once $2035.00 has been deposited. Assume that the required reserve ratio is 5.00%, that banks do
Table 1 shows the financial position of Bank Uno once $2035.00 has been deposited. Assume that the required reserve ratio is 5.00%, that banks do not keep excess reserves, and that all the money loaned out from Bank Uno is deposited into Bank Duo (whose loans go to other banks not shown here). Once the lending and depositing process is complete, what will the accounts look like in Tables 2 and 37 Specify all answers to two decimal places. Table 1. Bank Uno's Initial T-Account Assets Reserves: $2035.00 Table 2. Bank Uno's T-Account After Loans Assets Reserves: ? Liabilities Deposits: $2035.00 Liabilities Deposits:? Loans: ? Table 3. Bank Duo's T-Account After Deposits and Loans Assets Reserves: ? Loans? Liabilities Deposits: 7
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