A $140 billion B $190 billion C $440 billion D $600 billion 10 Refer to the bala

Question

A $140 billion B $190 billion C $440 billion D $600 billion 10 Refer to the balance sheet shown. If liabilities increase across the board by 10%, and assets increase 20% across the board, and the reserve requirement is 8% which is true? A excess reserves will be $17.272 million and equity will be $1.5567 billion B equity will be $1205.6 million and excess reserves will be $24 million C equity will be $1201 million and excess reserves will be $7.52 million D excess reserves will be $8.272 million and equity will be $1321.1 billion E None of the above. ALL VALUES IN MILLIONS 56 DEP w/ FRB 450 BUILDING 124 SAVINGS 1031 CK DEP 34 VAULT CASH 873 GOVT SEC NW 943 LOANS 1201 STOCK LANCE SHCC

Explanation / Answer

Option "A excess reserves will be $17.272 Million and equity will be $1.5567 billion" is Correct Saving       124.00 Dep w/FRB                 56.00 Ck Deposit    1,031.00 Building               450.00 Add. Liab.       115.50 Vault Cash                 34.00 Stock    1,556.70 Gov Sec               873.00 Loans               943.00 Add. Assets               471.20    2,827.20           2,827.20

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