The table shows the commercial banks' balance sheet (aggregated over all the banks). The commercial banks' desired reserve ratio on all deposits is 10 percent and there is no currency drain. What is the quantity of loans and the quantity of total deposits when the banks have no excess reserves? >>> Answer to 2 decimal places. Fed The total quantity of loans after the banks have lent all their excess million. reserves is $ Assets Liabilities (millions of dollars) Reserves at the 30 Checkable deposits 80 Cash in vault Securities Loans 5 Savings deposits 105 60 90
The table shows the commercial banks' balance sheet (aggregated over all the banks). The commercial banks' desired reserve ratio on all deposits is 10 percent and there is no currency drain. What is the quantity of loans and the quantity of total deposits when the banks have no excess reserves? >>> Answer to 2 decimal places. Fed The total quantity of loans after the banks have lent all their excess million. reserves is $ Assets Liabilities (millions of dollars) Reserves at the 30 Checkable deposits 80 Cash in vault Securities Loans 5 Savings deposits 105 60 90
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 12PA
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