9.
|
Use the following balance sheet for the ABC
National Bank in answering the next question(s).
Assume the required reserve ratio is 20
percent.
Assets
|
Liabilities & Net
Worth
|
Reserves
|
$ 27,000
|
Loans
|
50,000
|
Securities
|
33,000
|
Property
|
200,000
|
|
Demand deposits
|
$110,000
|
Capital stock
|
200,000
|
|
|
R-1 REF14033
|
Refer to the above data. If the original bank sheet
was for the commercial banking system, rather than
a single bank, loans and deposits could have been
expanded by a maximum of:
|