Banking Question 2 Please use the balance sheet for Bank Alpha to answer the questions. Assume Bank Alpha loans all of its excess reserves, and the assets and liabilities balance on the balance sheet. Show all work. Bank Alpha Assets Liabilities Required Reserves Checking Deposits $5,000.00 Loans $27,000.00 Saving Deposits $25,000.00 а. How much is X, the dollar amount of reserves? b. How much is the required reserve ratio? How much is the M? C. Assume Bank Alpha loans its excess reserves to Bank Beta. Next Bank Beta loans their excess reserves с. to Bank Gamma. Please create balance sheets for Banks Beta and Gamma. Assume there are no excess reserves in this banking system.

Banking Question 2 Please use the balance sheet for Bank Alpha to answer the questions. Assume Bank Alpha loans all of its excess reserves, and the assets and liabilities balance on the balance sheet. Show all work. Bank Alpha Assets Liabilities Required Reserves Checking Deposits $5,000.00 Loans $27,000.00 Saving Deposits $25,000.00 а. How much is X, the dollar amount of reserves? b. How much is the required reserve ratio? How much is the M? C. Assume Bank Alpha loans its excess reserves to Bank Beta. Next Bank Beta loans their excess reserves с. to Bank Gamma. Please create balance sheets for Banks Beta and Gamma. Assume there are no excess reserves in this banking system.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter4: Internal Control And Cash

Section: Chapter Questions

Problem 47E

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