Question: Help me find the answers for these and include your procedure please. Thank you :) Below is the simplified balance sheet of Gorgonzolan commercial banks

Help me find the answers for these and include your procedure please. Thank you :)

Help me find the answers for these and include your procedure please.

Below is the simplified balance sheet of Gorgonzolan commercial banks at some point in time. Assets Amount Liabilities Amount Currency (= reserves) 800,000 Deposits 850,000 Loans 50,000 Assume that the Gorgonzolan commercial banks desire to hold reserves of 40 percent of deposits and that the public holds no currency long term. Instructions: Enter your responses as whole numbers. a. Given the data in the balance sheet, the Gorgonzolan commercial banks want to hold in reserves. b. The Gorgonzolan commercial banks currently have in extra reserves that they would like to lend out. c. Assuming that no additional reserves enter the Gorgonzolan banking system, the final values of bank reserves, loans, and deposits are: Final consolidated balance sheet Assets Amount Liabilities Amount Currency Final value of bank Deposits reserves Loans d. The final value of the money supply is: guilders

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