Please take a photo/PDF of your hand-written work and submit…

Please take a photo/PDF of your hand-written work and submit it here.  Your work will be graded.  Please write your name at the top of the submission and make sure the problems are clearly labeled.   If you have more than one page, you will likely have to submit one page here and one page on the next “question.” Thank you!

SUPERBANK has a required reserve ratio of 8%.  The bank hold…

SUPERBANK has a required reserve ratio of 8%.  The bank holds no excess reserves and required reserves are currently $30 million.  If the bank has an outflow of deposits of $7 million dollars, the bank will have a reserve shortage.  Calculate the dollar amount of the reserves shortage: Do your work on a blank piece of paper.  You will upload this work along with a balance sheet as part of the final question of this exam.

SUPERBANK has a required reserve ratio of 8%.  The bank hold…

SUPERBANK has a required reserve ratio of 8%.  The bank holds no excess reserves and required reserves are currently $32 million.  If the bank has an outflow of deposits of $5 million dollars, the bank will have a reserve shortage.  Calculate the dollar amount of the reserves shortage: Do your work on a blank piece of paper.  You will upload this work along with a balance sheet as part of the final question of this exam.

SUPERBANK has a required reserve ratio of 8%.  The bank hold…

SUPERBANK has a required reserve ratio of 8%.  The bank holds no excess reserves and required reserves are currently $34 million.  If the bank has an outflow of deposits of $6 million dollars, the bank will have a reserve shortage.    Calculate the dollar amount of the reserves shortage: Do your work on a blank piece of paper.  You will upload this work along with a balance sheet as part of the final question of this exam.