4{ o·al 69% 6:17 PM courses.aplia.com/af/serv1 Banking and the Money Supply 2. H
ID: 1116375 • Letter: 4
Question
4{ o·al 69% 6:17 PM courses.aplia.com/af/serv1 Banking and the Money Supply 2. How banks work Suppose a group of investors pooled $150,000 and founded Second Republic Bank in San Antonio, TX. Second Republic Bank used $$15,000 of this to purchase shares in the Dallas Federal Reserve Bank. With the remaining $135,000, the bank manager purchased a bullding, furniture, and equipment for the bank. Use the preceding information to complete the following table showing Second Republic Bank's balance sheet Republic Bank and makes an initial deposit of $45,000 in currency. Fill in the following table to show Second Republic Bank's balance sheet just after Sharon's deposit One reason that Sharon decided to keep her money in the bank rather than finding someone to lend it to is that banks This is an example of how banks can help to solve the problem posed byExplanation / Answer
Answer:
Second Republic Bank's Balance Sheet
Assets
Liabilities and Net Worth
Building, Furniture and Equipment
$135,000.00
Net Worth
$150,000.00
Stock in St. Louis Fed
$15,000.00
Total
$150,000.00
$150,000.00
Second Republic Bank's Balance Sheet
Assets
Liabilities and Net Worth
Cash
$45,000.00
Checkable Deposits
$45,000.00
Building, Furniture and Equipment
$135,000.00
Net Worth
$150,000.00
Stock in St. Louis Fed
$15,000.00
Total
$195,000.00
$195,000.00
Second Republic Bank's Balance Sheet
Assets
Liabilities and Net Worth
Building, Furniture and Equipment
$135,000.00
Net Worth
$150,000.00
Stock in St. Louis Fed
$15,000.00
Total
$150,000.00
$150,000.00
Second Republic Bank's Balance Sheet
Assets
Liabilities and Net Worth
Cash
$45,000.00
Checkable Deposits
$45,000.00
Building, Furniture and Equipment
$135,000.00
Net Worth
$150,000.00
Stock in St. Louis Fed
$15,000.00
Total
$195,000.00
$195,000.00
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