Table 1 shows the financial position of Bank Uno once $ 3375.00 has been deposited. Assume that the required reserve ratio is 5.00 %, that banks do not keep excess reserves, and that all the money loaned out from Bank Uno is deposited into Bank Duo (whose loans go to other banks not shown here). Once the lending and depositing process is complete, what will the accounts look like in Tables 2 and 3? Specify all answers to two decimal places. Table 1. Bank Uno's Initial T-Account Assets Liabilities Reserves: $3375.00 Deposits: $3375.00 Table 2. Bank Uno's T-Account After Loans Assets Liabilities Reserves: ? Deposits: ? Loans: ? Table 3. Bank Duo's T-Account After Deposits and Loans Assets Liabilities Reserves: ? Deposits: ? Loans: ? What are Bank Uno's deposits in Table 2? $ What are Bank Uno's reserves in Table 2? $ What are Bank Duo's loans in Table 3? $ What are Bank Uno's loans in Table 2? $

(a) Bank Uno's deposits in Table 2 = $3,375.00

(b) Bank Uno's reserves in Table 2 = $168.75

(c) Bank Duo's loans in Table 3 = $3,045.94

(d) Bank Uno's loans in Table 2 = $3,206.25

Explanation:

Note: The data in this question are merged together. They are therefore sorted before answering the question. See the attached pdf file for the complete question with the sorted data.

The explanation to the answers is now given as follows:

Also note: See the attached Microsoft Word file for how the accounts will look like in Tables 2 and 3 once the lending and depositing process is complete.

Required reserve ratio refers to the percentage of reserves that the central bank of a country requires banks in the country to keep on hand in case depositors want to withdraw their funds.

The loan given out by a bank is therefore obtained by deducting the required reserve from the total reserve.

Based on the explanation above, we have:

For Table 2, we have:

Deposits in Table 2 = Deposits in Table 1 = $3,375.00

Reserve in Table 2 = Deposits in Table 1 * Required reserve ratio = $3,375.00 * 5% = $168.75

Loans in Table 2 = Deposits in Table 1 - Reserve in Table 2 = $3,375.00 - $168.75 = $3,206.25

For Table 3, we have:

Deposits in Table 3 = Loans in Table 2 = $3,206.25

Reserve in Table 3 = Deposits in Table 3 * Required reserve ratio = $3,206.25 * 5% = $160.31

Loans in Table 3 = Deposits in Table 3 - Reserve in Table 3 = $3,206.25 - $160.31 = $3,045.94

Based on the above calculations, we can now answer the following:

(a) What are Bank Uno's deposits in Table 2? $

Bank Uno's deposits in Table 2 = $3,375.00

(b) What are Bank Uno's reserves in Table 2? $

Bank Uno's reserves in Table 2 = $168.75

(c) What are Bank Duo's loans in Table 3? $

Bank Duo's loans in Table 3 = $3,045.94

(d) What are Bank Uno's loans in Table 2? $

Bank Uno's loans in Table 2 = $3,206.25

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