Banking AssignmentUse the information below to find the missing information.Chase BankAssetsLiabilitiesTransaction Deposits 5,500,000Total ReservesRequired 660,000Excess 2,000,000LoansTotal Assets5,500,000 Total Liabilities 5,500,000a. How much is this bank holding in total reserves?b. What is the required reserve rate for this bank?c. What amount of Loans has this bank made?2.AssetsLiabilitiesTransaction DepositsTotal Reserves2,000,000RequiredExcessGovt. Sec.2,225,000LoansTotal AssetsTotal Liabilitiesa. Assume the required reserve rate is 20%. What are required reserves for this bank?b. What are transactions deposits and total liabilities for the bank?c. How much more money can this bank loan out at this time?1.750,000Wells Fargo Bank

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1. Banking Assignment Use the information below to find the missing information. Assets Total Reserves Required 660,000 Excess 2,000,000 Loans Chase Bank Liabilities Transaction Deposits 5,500,000

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter27: Money And Banking

Section: Chapter Questions

Problem 30P: A bank has deposits of 400. It holds reserves of 50. It has purchased government bonds worth 70. It...

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Question

Banking Assignment
Use the information below to find the missing information.
Chase Bank
Assets
Liabilities
Transaction Deposits 5,500,000
Total Reserves
Required 660,000
Excess 2,000,000
Loans
Total Assets
5,500,000 Total Liabilities 5,500,000
a. How much is this bank holding in total reserves?
b. What is the required reserve rate for this bank?
c. What amount of Loans has this bank made?
2.
Assets
Liabilities
Transaction Deposits
Total Reserves
2,000,000
Required
Excess
Govt. Sec.
2,225,000
Loans
Total Assets
Total Liabilities
a. Assume the required reserve rate is 20%. What are required reserves for this bank?
b. What are transactions deposits and total liabilities for the bank?
c. How much more money can this bank loan out at this time?
1.
750,000
Wells Fargo Bank

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