Answer the next question(s) on the basis of the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 10 percent. All figures are in billions. Assets Liabilities and net worth Reserves $ 30 Checkable $300 deposits Securities 70 Stock shares 130 Loans 130 Property 200 Refer to the above data. The commercial banking system has excess reserves of: A) $0 billion. $30 billion. $60 billion. $70 billion.
Answer the next question(s) on the basis of the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 10 percent. All figures are in billions. Assets Liabilities and net worth Reserves $ 30 Checkable $300 deposits Securities 70 Stock shares 130 Loans 130 Property 200 Refer to the above data. The commercial banking system has excess reserves of: A) $0 billion. $30 billion. $60 billion. $70 billion.
Chapter19: Money Creation
Section: Chapter Questions
Problem 3SQ
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Answer the next question(s) on the basis of the following consolidated balance sheet for the commercial banking system. Assume the
Assets Liabilities and net worth
Reserves $ 30 Checkable $300 deposits
Securities 70 Stock shares 130
Loans 130
Property 200
- Refer to the above data. The commercial banking system has
excess reserves of: A) $0 billion.- $30 billion.
- $60 billion.
- $70 billion.
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