Question
xyz lpt suppose that all commercial banks in singapore have zero excess reserve,and the public must keep their money in thr bank.lop bank is one
xyz lpt
suppose that all commercial banks in singapore have zero excess reserve,and the public must keep their money in thr bank.lop bank is one of the commercial banks in singapore.lop bank receives cash deposit of $600000 by mr.markus who opens u a new checking account.assume that a required reserve ratio is 15 percent. a)construct a balance sheet for lop bank b)if the whole amount of the excess reserve in the lop bank is lent out to mrs. christine, who then deposited the money in the kon bank,construct the balance sheet for kon bank.[Assume that the kon bank holds on initial deposits.]
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