Ask Question, Ask an Expert


Ask Microeconomics Expert

All ten problems on this assignment deal with Pennytown, which has two non-identical banks called Bank One and Bank Two. Bank One has $1800 cash in its vault, $2200 Deposit in the Fed, $3000 US government bonds, and required reserves of $1800. Bank Two has $2200 cash in its vault, $2000 Deposit in the Fed, $3800 US government bonds, and demand deposits (checking) of $18,000. Banks in Pennytown must keep 10 percent of their demand deposits on hand as required reserves. Cash held by the public for all of Pennytown totals $12,000.

find out Bank Two's excess reserves. Round your final answer to the nearest penny.

Enter only numbers, a decimal point, and/or a negative sign as needed.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M940733

Have any Question? 

Related Questions in Microeconomics

1 mary has two possible career paths she can become either

1. Mary has two possible career paths. She can become either a biologist or a concert pianist. Mary lives for 2 periods. In the first period she gets the appropriate education for her career. In the second period, she wo ...

Success and failurethink about the causes of success and

Success and Failure Think about the causes of success and failure for particular movements. What causes some to become widely appealing and have major impacts on change? What causes others (regardless of the validity of ...

Discussion questionconduct research on ucc 2-209 and the

Discussion Question Conduct research on UCC 2-209 and the case Cloud Corp v. Hasbro, Inc., 314 F,3d 289 (7th Cir. 2002). Briefly summarize the Cloud Corp case. Discuss whether an employee's email communication form a wai ...

Assignmentplease answer all questions completely using your

Assignment Please answer all questions completely using your own words 1. Describe the essential difference between an industry analysis and a market analysis. In what section of an ad plan are they typically included? W ...

Httpswwwyoutubecomwatchvkgsiduyw7wwhat was the promise of What was the promise of capitalism? Discuss the important milestones and historical developments in economic theory and specify the contributions of each of the profits.

Assignmentcreate a powerpoint presentation of no more than

Assignment Create a PowerPoint presentation of no more than nine slides (excluding title and reference slides) that provides synthesis of specific elements using the research article provided in this unit's Studies, "The ...

Discussion questionsummationplease respond to the

Discussion Question Summation Please respond to the following: • Reflecting back on everything you have learned in this course, discuss the single most important lesson any entrepreneur should apply in order to be succes ...

Assignmentslegal and ethical norms in business must be

ASSIGNMENTS Legal and ethical norms in business must be considered to support the aims of research, such as verification of knowledge, truth, and avoidance of error. Business ethics have become of paramount concern and a ...

Problem 1 roberts new way vacuum cleaner company is a newly

Problem 1: Robert's New Way Vacuum Cleaner Company is a newly started small business that produces vacuum cleaners and belongs to a monopolistically competitive market. Its demand curve for the product is expressed as Q ...

To begin you initial post research one of the health

To begin you initial post, research one of the health profession licensing agencies in your state. Analyze and comment on the role this professional licensing group plays in the creation of policy within the profession a ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate