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Category > Economics Posted 19 Jun 2017 My Price 3.00

Assume that First Purity Bank begins with a balance sheet below and is fully loaned up

Assume that First Purity Bank begins with a balance sheet below and is fully loaned up. Answer the questions that follow.

a. What is the reserve requirement equal to?

b. If the bank receives a new deposit of $1 million, and the bank wants to remain fully loaned-up, how much of this new deposit will the bank loan out?

 

Answers

Alpha Geek
(8)
Status NEW Posted 19 Jun 2017 12:06 PM My Price 3.00

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file 1497875023-Answer.docx preview (29 words )
A-----------nsw-----------er:----------- -----------Ans-----------wer----------- a.----------- Re-----------ser-----------ve -----------req-----------uir-----------eme-----------nt -----------= R-----------ese-----------rve-----------/ -----------Dep-----------osi-----------t =----------- (7-----------000-----------00/-----------200-----------000-----------)*1-----------00 -----------= 3-----------5% ----------- A-----------nsw-----------er -----------b. -----------New----------- de-----------pos-----------it -----------= 1-----------000-----------000----------- Re-----------ser-----------ve -----------req-----------uir-----------eme-----------nt -----------= 3-----------5% -----------Res-----------erv-----------e =----------- 35-----------%*1-----------000-----------000----------- =3-----------500-----------000----------- Lo-----------ans----------- = -----------65%-----------*10-----------000-----------00=----------- 65-----------000-----------00 ----------- -----------
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