Bank net liquidity position for the week

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Reference no: EM131872298

1. A bank expects in the week about to begin: $35 million in new MMDA borrowings, $30 million in deposit withdrawals, $25 million in revenues from the sale of nondeposit services, $35 million in incoming deposits, $15 million in customer loan repayments, $10 million in dividend payments to its stockholders, $20 million in sales of bank assets, $50 million in acceptable loan requests, $15 million in repayments of bank borrowings to other banks, and $10 million in cash outflows to cover other operating expenses. This bank's net liquidity position for the week is:

A. $20 million

B. $30 million

C. $10 million

D. $15 million

E. None of the other responses are correct

2. The Shirley State Bank has $80 million in transaction deposits subject to legal reserves. This bank must hold 3 percent legal reserves from $0 up to $43.9 million of transaction deposits and 10 percent legal reserves on any amount above this $43.9 million amount. What is this bank’s total legal reserves? Treat this problem as literal as possible from the information contained here, and not necessarily according to the textbook.

A. $1.449 million

B. $5.927 million

C. $2.700 million

D. $4.927 million

E. None of the other responses are correct.

Reference no: EM131872298

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