How much will eubank now have in cash on-hand

Reference no: EM13205229

Balance Sheet of The Eubank

Assets Liabilities

Deposits at The Fed $40,000 Checkable Deposits $500,000
Cash $10,000 Net Worth /Capital $20,000
Loans $300,000
Securities $150,000
Fed Stock $20,000

Refer to Exhibit 0046. If Eubank is holding no excess reserves, what must the required reserve ratio be?

Refer to Exhibit 0046. Assume the required reserve ratio. If Stu Dent deposits $10,000 in cash into his checkable deposit account, how much will Eubank now have in cash on-hand?

Reference no: EM13205229

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