The balance sheet for the newly formed ACME Bank is shown below.
The balance sheet for the newly formed ACME Bank is shown below.
ACME Bank Balance Sheet 1
Reserves - $116,000
Property - $254,000
Checkable Deposits - $110,000
Stock Shares - $260,000
Instructions: Enter your answers as whole numbers.
a. Toshi, the owner of Toshi's Produce, negotiates with the bank to obtain a $26,500 loan to buy a new delivery truck. The amount of the loan is added to the available balance of Toshi's checking account. Fill in the new values that will appear in the balance sheet immediately after the loan is finalized.
ACME Bank Balance Sheet 2
Reserves - ?
Loans - ?
Property - ?
Checkable Deposits - ?
Stock Shares - ?
b. Toshi writes a check from his checking account to purchase the delivery truck from Bob's Motors for the loan amount of $26,500. Bob's Motors deposits the check in its checking account at some other bank. What will ACME Bank's balance sheet look like after the check has been processed? Fill in the values in the table below.
ACME Bank Balance Sheet 3
Reserves - ?
Loans - ?
Property - ?
Checkable Deposits - ?
Stock Shares - ?
c. How much in additional loans can ACME Bank make to its other customers if the reserve requirement is 20 percent?
$
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refer to the diagrams, in which Ad1 and as1 are the “before 5 Homework Seved Help...
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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.
1a)
1b) If the reserve requirement is 10% percent, how much in
excess reserves is the bank holding?_______
Suppose that Goldstar Bank is completely "loaned up." Now
suppose that a customer deposits an additional $40,000 into the
bank. Assume the reserve requirement is...
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refer to the diagrams, in which Ad1 and as1 are the
“before
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