2. Required and excess reserves Suppose that Best National Bank currently has $100,000 in checkable deposits and $65,000 in outstanding loans. The Federal Reserve has set the reserve requirement at 10%. Using these values, fill in the empty cells for reserves, required reserves, and excess reserves in the following table. Best National Reserves Required Reserves Excess Reserves (Dollars) (Dollars) (Dollars)

ECON MACRO
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ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter14: Banking And The Money Supply
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2. Required and excess reserves
Suppose that Best National Bank currently has $100,000 in checkable deposits and $65,000 in outstanding loans. The Federal Reserve has set the
reserve requirement at 10%. Using these values, fill in the empty cells for reserves, required reserves, and excess reserves in the following table.
Best National
Reserves
Required Reserves
Excess Reserves
(Dollars)
(Dollars)
(Dollars)
Transcribed Image Text:2. Required and excess reserves Suppose that Best National Bank currently has $100,000 in checkable deposits and $65,000 in outstanding loans. The Federal Reserve has set the reserve requirement at 10%. Using these values, fill in the empty cells for reserves, required reserves, and excess reserves in the following table. Best National Reserves Required Reserves Excess Reserves (Dollars) (Dollars) (Dollars)
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