Question
In: Finance
NewBank started its first day of operations with $98 million in capital. A total of $107...
NewBank started its first day of operations with $98 million in capital. A total of $107 million in checkable deposits is received. The bank makes a $28 million commercial loan and another $22 million in mortgage loans. The required reserve ratio is 10.6%. (Note: Information is based on NewBank's first month of operations.)
Complete NewBank's balance sheet shown below: (Round your responses to the nearest whole number.)
|
Assets |
Liabilities |
||||||
|
Required reserves |
$? |
million |
Checkable deposits |
$? |
million |
||
|
Excess reserves |
$? |
million |
Bank capital |
$? |
million |
||
|
Loans |
$? |
million |
|||||
Solutions
jeff jeffy answered 1 year agoRelated Solutions
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