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Below is balance sheet for Alliance Bank Berhad. The required reserve ratio on deposits is 12%.
Alliance Bank Berhad
Assets ($ million) Liabilities ($ million)
Reserves 50 Deposits 320
Loans 200
Securities 150 Net Worth 80
Question i) Calculate the bank's excess reserves.
Question ii) Suppose Alliance Bank Berhad loans all its excess reserves to Fargo Lighting Ltd. Show the bank's balance sheet after this transaction.
Question iii) Suppose Alliance Bank Berhad sells $75 million of securities to the central bank. If the currency ratio is 0.4 and the excess reserve ratio is 0.04, by how much money supply will change resulting from this transaction?
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