Assume the Trusty Bank's balance sheet is as follows:

-Refer to the information above to answer this question.Assuming a target reserve ratio of 8 percent how much excess reserves would this bank have after a cheque for $10,000 was cleared against it?

Question

Assume the Trusty Bank's balance sheet is as follows:
 
-Refer to the information above to answer this question.Assuming a target reserve ratio of 8 percent how much excess reserves would this bank have after a cheque for $10,000 was cleared against it?

Quizplus · Accepted Answer

The Answer of Assume the Trusty Bank's balance sheet is as follows:
 
-Refer to the information above to answer this question.Assuming a target reserve ratio of 8 percent how much excess reserves would this bank have after a cheque for $10,000 was cleared against it?

Assume the Trusty Bank's Balance Sheet Is as Follows