Business, 24.04.2020 02:59 brapmaster764
Suppose that Ava withdraws $300 from her savings account at Second Bank. The reserve requirement facing Second Bank is 10%. Assume the bank does not wish to hold any excess reserves of new deposits. Use this information to complete the balance sheet below to show how Second Bank's assets and liabilities change when Ava withdraws the $300 from the bank.
a. A Simple Bank Balance Sheet Assets Liabilities
b. Change in Reserves: $ -30
c. Change in Deposits: $ -300
d. Change in Loans: $ -270
Answers: 1
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