Map Sapling Learning Table 1 shows the financial position of Bank Uno once $4719

Question

Map Sapling Learning Table 1 shows the financial position of Bank Uno once $4719.00 has been deposited. Assume that the required reserve ratio is 5.00%, that Table 1. Bank Uno's Initial T.Account banks do not keep excess reserves, and that all the Assets Liabilities money loaned out from Bank Uno is deposited into Bank Duo (whose loans go to other banks not shown Reserves: $4719.00 Deposits: $4719.00 here). 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. Assets Liabilities 1. What are Bank Uno's deposits in Table 2? Deposits: Reserves: Loans: Number Table 3. Bank Duo's T-Account After Deposits and Loans Assets Liabilities 2. What are Bank Uno's reserves in Table 2? Deposits: Reserves: Number Loans: 3. What are Bank Uno's loans in Table 2? 4. What are Bank Duo's loans in Table 3?

Explanation / Answer

Table: 2

Table: 3

1. $4719

2. $235.95

3. $4483.05

4. $4258.90

Assets Liabilities Reserves:$235.95(i.e. 5% of $4719) Deposits: $4719 Loans: $4483.05(i.e. 4719-235.95)

Related Questions

Navigate

• Browse (All)
• Browse M
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.