First Commercial Bank Assets Liabilities + Net Worth Reserves $200,000 $1 million Deposits          Required -- $200,000 Net Worth          Excess $50,000     Loans --     Total $1.2 million $1.2 million Total   1,000,000. 1,050,000 1,150,000 1,200,000

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Monetary System
Section: Chapter Questions
Problem 4CQQ
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Refer to Table 10.1. First Commercial Bank's total loans equal $________.

 

 

First Commercial Bank

Assets

Liabilities + Net Worth

Reserves

$200,000

$1 million

Deposits

         Required

--

$200,000

Net Worth

         Excess

$50,000

 

 

Loans

--

 

 

Total

$1.2 million

$1.2 million

Total

 

1,000,000.
1,050,000
1,150,000
1,200,000
 
 
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