Question: Please answer part e & f. (f particularly) Follow. First Charter Bank Assets Liabilities Reserves $ 3 million $10 million Deposits Loans Total $10 million

 Please answer part e & f. (f particularly) Follow. First Charter

Bank Assets Liabilities Reserves $ 3 million $10 million Deposits Loans Total

Please answer part e & f. (f particularly)

Follow. First Charter Bank Assets Liabilities Reserves $ 3 million $10 million Deposits Loans Total $10 million Total Table 1 a) Refer to Table 1. If the required reserve ratio is 10% (rrr = 0.1), find the amount of required reserves.(RR=?) (5 points) b) Refer to Table 1. Find Excess Reserves. (ER = ?) (5 points) c) Refer to Table 1. Find Total Assets. (5 points) d) Refer to Table 1. Find Loans (Loans = ?) (5 points) e) Refer to Table 1. If the required reserve ratio is 10% (rrr = 0.1), find the money multiplier (5 points) f) Refer to Table 1. For which value of required reserve ratio, First Charter Bank would be loaned up? (5 points) g) Suppose First Charter Bank is the only bank. Any check written on an account at First Charter Bank is deposited in a different account at First Charter Bank. First Charter Bank makes a loan of $20 million. Show the new T account for First Commercial Bank after this loan. (30 points) (Required Reserve ratio = rrr = 0.1) Warning:Do not write the initial T-account again. T-account below is the one right after the Bank makes the loan by depositing it into the account in First Charter Bank. Write the new values of Deposits, Loans, .. Liabilities Deposits Assets Reserves (R): $3 million Required Reserves(RR) Excess Reserves(ER) Loans Total Total

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