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The table shows the commercial banks' balance sheet (aggregated over all the banks). The commercial banks' desired reserve ratio on all deposits is 2 percent

The table shows the commercial banks' balance sheet (aggregated over all the banks). The commercial banks' desired reserve ratio on all deposits is 2 percent and there is no currency drain. What is the quantity of loans and the quantity of total deposits when the banks have no excess ? >>> Answer to 2 decimal places The total quantity of loans after the banks have lent all their excess reserves is $ million Assets Liabilities (millions of dollars) Reserves at the Fed 20 Cash in vault Securities 15 Checkable deposits Savings deposits 100 85 65 Loans 85

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