Question: 4. a) For the balance sheet below, find the level of equity and the level of excess reserves. Assume that the required reserve ratio is

4. a) For the balance sheet below, find the level of equity and the level of excess reserves. Assume that the required reserve ratio is 10%. Assets Liabilities Reserves $50 Transaction Deposits $300 Bonds $400 CDs $500 Loans $600 Equity Excess Reserves Equity =

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