Given the required reserve ratio for Country AZ is as follows:MonthSeptember 2019December 2019 March 20204.02.0Required reserve ratio (%)5.0The balance-sheet positions for Bank A and the AZ Central Bank at the end of January 2020 areas follow:Bank A's balance-sheetAssetsRMLiabilitiesRM100,000Reserves4,000DepositsLoans96,000Total100,000Total100,000AZ Central Bank balance-sheetAssetsRMLiabilitiesRMSecurities (bonds)50,000Required reserve3,000Other assets953,000400,000Treasury depositsCurrency600,000Total1,003,000Total1,003,000Your answerHow much is the total deposits recorded in balance-sheets for all commercialbanks after credit has been fully created at the end of March 2020?RM5,000,000RM2,500,000RM50,000RM20,000How much is the total reserves recorded in balance-sheets for all commercialbanks after credit has been fully created at the end of March 2020?RM1,000,000RM100,000RM10,000RM1,000

The following formulas are used in calculating the required information:- Total deposits recorded in…

Given the required reserve ratio for Country AZ is as follows: Month September 2019 December 2019 March 2020 Required reserve ratio (%) 5.0 4.0 2.0 The balance-sheet positions for Bank A and the AZ Central Bank at the end of January 2020 are as follow: Bank A's balance-sheet Assets RM Liabilities RM 100,000 Reserves 4,000 Deposits Loans 96,000 Total 100,000 Total 100,000 AZ Central Bank balance-sheet Assets RM Liabilities RM Securities (bonds) 50,000 Required reserve 3,000 Other assets 953,000 Treasury deposits 400,000 Currency 600,000 Total 1,003,000 Total 1,003,000 Your answer How much is the total deposits recorded in balance-sheets for all commercial banks after credit has been fully created at the end of March 2020? RM5,000,000 RM2,500,000 RM50,000 RM20,000 How much is the total reserves recorded in balance-sheets for all commercial banks after credit has been fully created at the end of March 2020? RM1,000,000 RM100,000 RM10,000 RM1,000

Given the required reserve ratio for Country AZ is as follows: Month September 2019 December 2019 March 2020 Required reserve ratio (%) 5.0 4.0 2.0 The balance-sheet positions for Bank A and the AZ Central Bank at the end of January 2020 are as follow: Bank A's balance-sheet Assets RM Liabilities RM 100,000 Reserves 4,000 Deposits Loans 96,000 Total 100,000 Total 100,000 AZ Central Bank balance-sheet Assets RM Liabilities RM Securities (bonds) 50,000 Required reserve 3,000 Other assets 953,000 Treasury deposits 400,000 Currency 600,000 Total 1,003,000 Total 1,003,000 Your answer How much is the total deposits recorded in balance-sheets for all commercial banks after credit has been fully created at the end of March 2020? RM5,000,000 RM2,500,000 RM50,000 RM20,000 How much is the total reserves recorded in balance-sheets for all commercial banks after credit has been fully created at the end of March 2020? RM1,000,000 RM100,000 RM10,000 RM1,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter9: Current Liabilities And Contingent Obligations

Section: Chapter Questions

Problem 6E: Short-Term Debt Expected to Be Refinanced On December 31, 2019, Excello Electric Company had 1...

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