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Use the balance sheet for the following question. Last Bank of Hope Assets Liabilities Reserves: $2,500 Deposits: $10,000 Loans: $7,500 If the reserve requirement is

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Use the balance sheet for the following question. Last Bank of Hope Assets Liabilities Reserves: $2,500 Deposits: $10,000 Loans: $7,500 If the reserve requirement is 10 percent, this bank is holding excess reserves of $1,000. is in a position to make a new loan of $1,500. has total reserves of $10,000. has less reserves than required. has excess liabilities of $1,500

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