Below is the balance sheet for a bank. Under "Other" it has listed "$X" just think of this as the dollar amount needed to make the balance sheet balance. It is not important what that value is for this question. Assets Liabilities Reserves 42 Deposits 245 Loans 160 Securities 48 Other $X Using the balance sheet above, find the level of required reserves for this bank if the required reserve ratio = 8% (Give answers to 2 decimal places as needed)

Question

Below is the balance sheet for a bank. Under "Other" it has listed "$X" just think of this as the dollar amount needed to make the balance sheet balance. It is not important what that value is for this question.

Assets
Liabilities
Reserves 42
Deposits 245
Loans 160

Securities 48
Other $X

Using the balance sheet above, find the level of required reserves for this bank if the required reserve ratio = 8%
(Give answers to 2 decimal places as needed)

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