Question Help ▼ The table shows the commercial banks' balance sheet (aggregated over all the banks). The commercial banks' desired reserve ratio on all deposits is 5 percent and there is no currency drain. Assets Liabilities (millions of dollars) Calculate the bank's excess reserves. Checkable deposits 120 Savings deposits Reserves at the Fed 20 Cash in vault 15 90 >>> Answer to 2 decimal places. Securities 65 Loans 110 The banks' excess reserves are $ million.

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter13: Monetary Policy
Section: Chapter Questions
Problem 8E
icon
Related questions
Question
The table shows the commercial banks' balance sheet (aggregated over all the banks). The commercial banks' desired
reserve ratio on all deposits is 5 percent and there is no currency drain.
Question Help
Calculate the bank's excess reserves.
Assets
>>> Answer to 2 decimal places.
Liabilities
(millions of dollars)
Reserves at the Fed 20
The banks' excess reserves are $
Checkable deposits 120
million.
Cash in vault
15, Savings deposits
Securities
90
65
Loans
110
Enter your answer in the answer box and then click Check Answer.
?
2 parts
remaining
Clear All
Check Answer
MacBook Air
DII
DD
F12
888
F11
F10
F7
F8
F9
F5
F6
F4
esc
F2
F3
F1
&
#
$
%
delete
%3D
!
@
6.
8.
4
1
2
Y
Q
W
E
tab
J
K
F
G
A
S
caps lock
N
M
V
shift
option
command
I
T
Transcribed Image Text:The table shows the commercial banks' balance sheet (aggregated over all the banks). The commercial banks' desired reserve ratio on all deposits is 5 percent and there is no currency drain. Question Help Calculate the bank's excess reserves. Assets >>> Answer to 2 decimal places. Liabilities (millions of dollars) Reserves at the Fed 20 The banks' excess reserves are $ Checkable deposits 120 million. Cash in vault 15, Savings deposits Securities 90 65 Loans 110 Enter your answer in the answer box and then click Check Answer. ? 2 parts remaining Clear All Check Answer MacBook Air DII DD F12 888 F11 F10 F7 F8 F9 F5 F6 F4 esc F2 F3 F1 & # $ % delete %3D ! @ 6. 8. 4 1 2 Y Q W E tab J K F G A S caps lock N M V shift option command I T
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Assets
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Economics:
Economics:
Economics
ISBN:
9781285859460
Author:
BOYES, William
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781305971509
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics, 7th Edition (MindTap Cou…
Principles of Economics, 7th Edition (MindTap Cou…
Economics
ISBN:
9781285165875
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning