# Exam Practice

Aug 22nd, 2016
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Assignment #3ECON 104Spring 2014Layla FahoumJonathan Jenner283733201. Assume a required reserve ratio of 0.10 to complete the following.AssetsCash \$ 150,000Loans \$ 250,000Bonds \$ 100,000Liabilities + Net WorthDepositsBank Capital\$\$400,000100,000a) Calculate the initial required reserves for this bank.400,000 * 0.10 = 40,000b) Calculate the initial excess reserves for this bank150,000 - 40,000 = 110,000c) Convert all of the excess reserves into loans. Construct the new balance sheet.CashLoansBondsAssets\$40,000\$360,000\$100,000Liabilities + Net WorthDeposi

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