Question 2 (10 marks) The table below shows the hypothetical balance sheet of Bank of Seaman. Assets Cash Reserves Loans

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Question 2 (10 marks) The table below shows the hypothetical balance sheet of Bank of Seaman. Assets Cash Reserves Loans

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Question 2 10 Marks The Table Below Shows The Hypothetical Balance Sheet Of Bank Of Seaman Assets Cash Reserves Loans 1
Question 2 10 Marks The Table Below Shows The Hypothetical Balance Sheet Of Bank Of Seaman Assets Cash Reserves Loans 1 (45.84 KiB) Viewed 27 times
Question 2 (10 marks) The table below shows the hypothetical balance sheet of Bank of Seaman. Assets Cash Reserves Loans Total Bank of Seaman Liabilities $30,600 Deposits $149,400 $180,000 Total a) Calculate the cash ratio. b) Based on (a), how much credit can be created by Bank of Seaman. c) List three limitations of credit creation in economy. $180,000 $180,000 (3 marks) (4 marks) (3 marks)
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