Answer the next question based on the following consolidated…
Answer the next question based on the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 12 percent. All figures are in billions of dollars. Assets Liabilities & Net Worth Reserves $60 Checkable Deposits $150 Loans 100 Stock Shares 135 Securities 25 Property 100 Refer to the above data. The commercial banking system has excess reserves of:
Read Details