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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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