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will send positive review Suppose Central City Bank has reserves equal to $850 million and deposits equal to $700 million. If the required reserve ratio

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Suppose Central City Bank has reserves equal to $850 million and deposits equal to $700 million. If the required reserve ratio is equal to 0.10 , and the desired reserve ratio equals 0.19 , what is the value of Central City Bank's excess reserves? Assume the currency drain ratio is zero. Table 1 shows the financial position of the Smithville Bank once $2113.00 has been deposited. Assume that the required reserve ratio is 8.00% The bank manager decides to lend Billy Bob Smith all of the bank's excess reserves. Billy Bob takes the funds to Eula Mae's Used Machines and buys a pickup truck. Eula Mae then deposits the money in her account back at the Smithville Bank. Table 2 should show the bank's accounts after the loan is made and the funds again deposited. Round all answers to the nearest cent. Table 1. Original Assets and Liabilities Table 2. Assets and Liabilities After Bank Malies a Loan What are the bank's loans in Table 2 ? s

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