1 LUIHIL PIUUICHI r J-11 BOOM The balance sheet for ACME Bank is shown below. ACME Bank Balance Sheet1 Assets Liabilitie

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1 Luihil Piuuichi R J 11 Boom The Balance Sheet For Acme Bank Is Shown Below Acme Bank Balance Sheet1 Assets Liabilitie 1 (31.44 KiB) Viewed 40 times

1 LUIHIL PIUUICHI r J-11 BOOM The balance sheet for ACME Bank is shown below. ACME Bank Balance Sheet1 Assets Liabilities and net worth Reserves 70,000 Checkable deposits Loans 35,000 Stock shares Property 299,000 $ References 98,000 300,000 Suppose the bank decides to invest 45 percent of its excess reserves in short-term securities in order to earn interest The bank issues a cashier's check to a securities dealer to purchase the securities. The securities dealer deposits the check into an account at a different bank. What will ACME Bank's balance sheet look like after the check has been processed? Fill in the values in the table below. Assume a required reserve ratio of 10 percent. Instructions: Enter your answers as a whole number ACME Bank Balance Sheet 2 Assets Liabilities and net worth Reserves Checkable deposits $ 98,000 Loans 5 35,000 Stock shares $ 300,000 Securities Property 293.000