MM-ECON-1103-001 Principles Of Macroeconomics
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MM-ECON-1103-001 Principles of Macroeconomics
Online Homework System
Assignment Worksheet
3/21/13 - 1:55 AM
Name: ____________________________ Class: MM-ECON-1103-001 Principles
of Macroeconomics 201301
Class #: ____________________________ Section #: ____________________________
Instructor: Berry Kebede Assignment: Module - Chapter 27
Question 1: (1 point)
Suppose that the excess reserves in Toronto Dominion Bank increase by $700. Given a target
reserve ratio of 1.0 percent and no cash drain, the maximum change in deposits for the entire
banking system would be
(a) $17 500.00.
(b) $70 000.00.
(c) $28 000.00.
(d) $700.00.
(e) $682.50.
Question 2: (1 point)
Bank North's Balance Sheet
Assets Liabilities
Reserves $300 Deposits $2000
Loans $2200 Capital $500
$2500 $2500
TABLE 27-1
Refer to Table 27-1. If Bank North receives a new deposit of $400, its actual reserve ratio
immediately becomes
(a) 15%
(b) 35%
(c) 7%
Online Homework System
Assignment Worksheet
3/21/13 - 1:55 AM
Name: ____________________________ Class: MM-ECON-1103-001 Principles
of Macroeconomics 201301
Class #: ____________________________ Section #: ____________________________
Instructor: Berry Kebede Assignment: Module - Chapter 27
Question 1: (1 point)
Suppose that the excess reserves in Toronto Dominion Bank increase by $700. Given a target
reserve ratio of 1.0 percent and no cash drain, the maximum change in deposits for the entire
banking system would be
(a) $17 500.00.
(b) $70 000.00.
(c) $28 000.00.
(d) $700.00.
(e) $682.50.
Question 2: (1 point)
Bank North's Balance Sheet
Assets Liabilities
Reserves $300 Deposits $2000
Loans $2200 Capital $500
$2500 $2500
TABLE 27-1
Refer to Table 27-1. If Bank North receives a new deposit of $400, its actual reserve ratio
immediately becomes
(a) 15%
(b) 35%
(c) 7%
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Document Details
University
University of Winnipeg
Subject
Economics