Balance Sheet Quiz Flashcards by Ashley McComber

Q

What are assets?

A

Cash, reserves, property, securities, loans

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Q

What are liabilities?

A

Demand deposits and capital stock

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Q

How do you calculate required reserves?

A

Demand deposit times the legal reserve

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Q

How do you calculate excess reserve?

A

Reserves minus required reserves

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Q

How do you calculate new demand deposits?

A

Original plus/minus deposit or check or whatever

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Q

What are the two parts of a balance sheet?

A

Assets and liabilities

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Q

How do you calculate new required reserve?

A

New demand deposit times legal reserve ratio

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Q

How do you calculate new excess reserve?

A

Original reserve +/- whatever minus the required

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