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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
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. 13,000 Checkahle deposits 92,000 Stack shares 93.000 300,000 b. If the reserve requirement is 15 percent, how much in excess reserves is the bank holding? $
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