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Suppose you deposit $2,000 cash from under your mattress in First National Bank

Economics

Suppose you deposit $2,000 cash from under your mattress in First National Bank. The required reserve ratio is 10%.

Complete the following balance sheet to show changes in the bank's assets and liabilities.

 

First National Bank

Assets (Dollars) Liabilities(Dollars)

 

Reserves ________     Checking Deposits  _________  

 Addendum: Changes in Reserves _________

Actual reserves:  _________  

Required reserves    _____________ 

Excess reserves     _____________________

 

The maximum amount the bank can loan from this deposit is equal to ___________.

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