This is a 2 part question

Suppose that the legal reserve ratio set by the Fed is10%

10%and that the Fair Bank in Fairdealing, Missouri initially has checkable deposit equal to$240 and a reserve account of$70. A customer of Fair Bank deposits$100

into her checking account. Fair Bank loans80% of the deposit and places the rest in its reserves at the St. Louis Fed. For simplicity, assume the borrower received the loan ascash.

How much does Fair Bank have in excess reserves after the deposit andloan? $ ___?___

Place the figures to represent changes in the accounts of Fair Bank and the Federal Reserve of St. Louis' balance sheets resulting from the deposit andloan.

m * Cc |M RE E Al & UF | At S M| d AF | Cc Cc|9 Gr | ZIF | ht|f AL |* All 2 (6 0 M:|f (1 : St . X C DE . CC + X saplinglearning.com/ibiscms/mod/ficn/view.php?id=14990190 Email-school = Introduction to Soci.. r Connect-Biol 1107 : D2L | MATH MindTap - Cengage. He child support B Rick Barker's Music.. Digital Resources f... Quesitons for Discu. Sapling Learning Ch. 15 HW Mark Young macmillan learning Sapling Learning > Rochester Community and Technical College - ECON 2215 Macroeconomics - Spring21 - MARTINEZ > Activities and Due Dates > Ch. 15 HW 18 of 32 Questions 15 Question 0% Balance sheet: Fair Bank Balance sheet: Saint Louis Federal 0 of Attempts Cash: Liabilities: Cash: Liabilities: 16 Question 0% 0 of Attempts Reserves: Net equity: Property: 17 Question 100% Loans: Loans: 1 of Attempts Correct Property: 18 Question 0% 0 of Attempts Answer Bank 19 Question 100% -$100 -$80 -$10 +$80 1 of Attempts Correct -$20 +$10 +$20 +$100 20 Question 0% 0 of Attempts 2011-2021 Sapling Learning, Inc. about us | careers | privacy policy | t terms of use | contactus | help 5 1:15