3. Consider the balance sheet below for Gold Rush Bank, NA. (a/k/a GRB) Liabilities Demand Deposits = $450,000.00 Loans

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3 Consider The Balance Sheet Below For Gold Rush Bank Na A K A Grb Liabilities Demand Deposits 450 000 00 Loans 1 (129.35 KiB) Viewed 20 times

3. Consider the balance sheet below for Gold Rush Bank, NA. (a/k/a GRB) Liabilities Demand Deposits = $450,000.00 Loans from FED = $45,000.00 Assets Reserves = $190,000.00 Loans = $125,000.00 Securities = $75,000.00 Cash $105,000.00 C. = If the required reserve ratio 1/9 and the portion of M1 kept as currency = 5/9 then answer the following: a. How much does GRB have in required reserves (RR)? How much money does GRB have in excess reserves (ER)? (Calculate both to the nearest penny) b. Calculate the potential money multiplier (mp) as a fully reduced fraction or integer. How much potential new money (Mp) can be created by GRB if they loan out all of their excess reserves? Calculate this to the nearest penny Calculate the ACTUAL Money Multiplier (m₂) as a fully reduced fraction or integer; and calculate ACTUAL (M₂) Money Created to the nearest penny. =