The balance sheet for the newly formed ACME Bank is shown below. The reserves listed on the balance sheet are reserves on deposit at the Federal Reserve. The cash is the vault cash held in the bank. Instructions: Enter your answers as whole numbers.

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The balance sheet for the newly formed ACME Bank is shown below. The reserves listed on the balance sheet are reserves on deposit at the Federal Reserve. The cash is the vault cash held in the bank. Instructions: Enter your answers as whole numbers.

The balance sheet for the newly formed ACME Bank is shown below. The reserves listed on the balance sheet are reserves on deposit at the Federal Reserve. The cash is the vault cash held in the bank.

Instructions: Enter your answers as whole numbers.

a. Fill in the missing value in the balance sheet.

ACME Bank Balance Sheet

Assets

Cash - $12,000

Reserves - $150,000

Property - ?

Liabilities and Net Worth

Checkable deposits - $140,000

Shock Shares - $240,000

b. If the reserve requirement is 12 percent, how much in excess reserves is the bank holding?

$

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