A bank reports reserves of $100,000,government securities of $250,000,loans of $750,000,checkable deposits of $900,000,and owners' equity of $200,000.The desired reserve ratio is 10 percent and the bank wants to hold as reserves only the amount it is required to hold.What is the amount of excess reserves for this bank? Show your work.

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The Answer of A bank reports reserves of $100,000,government securities of $250,000,loans of $750,000,checkable deposits of $900,000,and owners' equity of $200,000.The desired reserve ratio is 10 percent and the bank wants to hold as reserves only the amount it is required to hold.What is the amount of excess reserves for this bank? Show your work.

A Bank Reports Reserves of $100,000,government Securities of $250,000,loans of $750,000,checkable