Assets Liabilities and Net Worth Reserves $51 Checkable Deposits $14e Loans 109 Stock Shares 130 Securities 100 Property 10 Refer to the accompanying consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 30 percent. All figures are in billions. The commercial banking system has excess reserves of Multiple Cholce $9 billion. $7 billion. $6.1 billion. $5 billion.
Assets Liabilities and Net Worth Reserves $51 Checkable Deposits $14e Loans 109 Stock Shares 130 Securities 100 Property 10 Refer to the accompanying consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 30 percent. All figures are in billions. The commercial banking system has excess reserves of Multiple Cholce $9 billion. $7 billion. $6.1 billion. $5 billion.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter12: Money, Banking And The Financial System
Section12.3: How Banking Developed
Problem 3ST
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