2. Answer the following questions using the 1st National Bank's balance sheet in the following table. Total Reserves Req
Posted: Wed Jul 06, 2022 6:21 am
- 2 Answer The Following Questions Using The 1st National Bank S Balance Sheet In The Following Table Total Reserves Req 1 (206.01 KiB) Viewed 26 times
2. Answer the following questions using the 1st National Bank's balance sheet in the following table. Total Reserves Required Reserves Excess Reserves Loans Total 1st National Bank of Kennesaw $50,000 ? $10,000 ? $700,000 SKIM Make sure to show your calculations. Deposits Net Worth a. How much does the bank have in required reserves? b. What is the required reserve ratio? c. What is the amount of loans? d. What is the 1st National Bank's net worth? I Total $400,000 ? $700,000