Question: I attempted this problem once and I got it wrong. Answer the question on the basis of the given consolidated balance sheet of the commercial

I attempted this problem once and I got it wrong.

Answer the question on the basis of the given consolidated balance sheet of the commercial banking system. Assume that the reserve requirement is 10 percent. All figures are in billions. Assets Liabilities & Net Worth Reserves $60 Checkable Deposits $600 Securities 140 Stock Shares 260 Loans 260 Property 400 The commercial banking system has excess reserves of Multiple Choice O $2 billion. O $5 billion. O zero

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