Abank's assets consist of $1,000,000 in total reserves, $2,100,000 in loans, and a building worth $1,200,000. its liabilities and capital consist of $3,000,000 in demand deposits and $1,300,000 in capital. refer to exhibit 17-2. if the bank is required to keep reserves equal to one-third of deposits, what is the level of the bank's excess reserves? how much could it loan out as a result?

a. $700,000; $2,100,000
b. $300,000; $900,000
c. zero; zero
d. $300,000; $300,000

Option (c) zero ; zero

Explanation:

Data provided in the question:

Bank's assets in total reserve = $1,000,000

Loans = $2,100,000

Building worth = $1,200,000

Demand deposits = $3,000,000

Capital = $1,300,000

Required reserves = one-third of deposits

Now,

Required reserves = one-third of $3,000,000

or

Required reserves = $3,000,000 ÷ 3

= $1,000,000

Thus, excess reserves = Total reserve - Required reserves

= $1,000,000 - $1,000,000

= $0 i.e zero

also,

Amount bank could loan = Amount of excess reserve

= zero

Hence,

Option (c) zero ; zero

steering wheels are always situated on the left side of the car.

always drive on the right side of the road.

white lines separate lanes of traffic traveling the same direction.

hashed or broken lines means you may change lanes when it is safe.

solid white lines mean stay in your lane.

yellow lines separate traffic moving in opposing directions.

hashed or broken yellow lines mean you can carefully pass, paying attention to oncoming traffic.

never cross a solid yellow line (or double yellow line).

when turning left at an intersection, pass in front of any cars that are turning left from the opposing direction (do not try to pass behind them).

use the left lane to pass other cars traveling your direction.

do not pass in the right lane unless absolutely necessary.

if you are driving in the far left hand lane and someone would like to pass you, move over to the right lane when it is safe to do so and allow them to pass.

you must always yield to pedestrians.

come to a complete stop whenever you see pedestrians trying to cross the street.

never pass a school bus if it has flashing red lights. wait until the lights have stopped.

be aware of bicyclists. often they share the road with cars and are supposed to also follow general traffic laws.

be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

explanation:

odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.