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.

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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 259% based on the information
given in the chart.
Transcribed Image Text: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 259% based on the information given in the chart.
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