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Table 1 shows the financial position of Bank Uno once $3761.00 has been deposite

ID: 1112586 • Letter: T

Question

Table 1 shows the financial position of Bank Uno once $3761.00 has been deposited. Assume that the required reserve ratio is 6.00%, that Table 1 . Bank Uno's initial T-Account banks do not keep excess reserves, and that all the money loaned out from Bank Uno is deposited into Assets Bank Duo (whose loans go to other banks not shown here) Liabilities Reserves: $3761.00 Deposits $3761.00 Once the lending and depositing process is complete, what will the accounts look like in Tables 2 and 3? Table 2. Bank Uno's T-Account After Loans Specify all answers to two decimal places. Liabilities Assets Reserves: ? Loans 1. What are Bank Uno's deposits in Table 2? Deposits? Number Table 3. Bank Duo's T-Account After Deposits and Loa Assets Reserves:? Loans: Liabilities 2. What are Bank Uno's reserves in Table 2? Deposits:? Number 3. What are Bank Uno's loans in Table 2 4. What are Bank Duo's loans in Table 3? Number Number

Explanation / Answer

Table -2

Table - 3

a bank can loan all of its excess reserves.

excess reserves = reserves - required reserves

required reserves = deposits * reuiqred reserves ratio.

required reserves = 3761 *6/100 = 225.66

so, excess reserves = 3761-225.66 = 3535.34

so loans = 3535.34

Assets liabilites Reserves -- 225.66 Deposit ---- 3761.00 Loans ----- 3535.34

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