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

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%.
\table[[Assets,Llabilities],[Reserves $50,Transaction Deposits $300,],[Bonds $400,CDs,$500
a) For the balance sheet below, find the level of equity

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