5. Comerica's Balance Sheet information is given in the table below Assets Liabilities Reserves $75,000 Demand deposits $300,000 Loans = 50,000 Assume that the bank's net worth 0. Calculate the bank's excess reserves if the legal reserve requirement is 25% based on the information given in the chart.
5. Comerica's Balance Sheet information is given in the table below Assets Liabilities Reserves $75,000 Demand deposits $300,000 Loans = 50,000 Assume that the bank's net worth 0. Calculate the bank's excess reserves if the legal reserve requirement is 25% based on the information given in the chart.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter12: Money, Banking And The Financial System
Section12.3: How Banking Developed
Problem 3ST
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