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Below is the simplified balance sheet of Gorgonzolan commercial banks at some point in time...

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Accounting

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Below is the simplified balance sheet of Gorgonzolan commercial banks at some point in time Currency ( reserves) Loans 200,000 400,000 Deposits 600,000 Assume that the Gorgonzolan commercial banks desire to hold reserves of 25 percent of deposits and that the public holds no currency long term. Instructions: Enter your responses as whole numbers. a. Given the data in the balance sheet, the Gorgonzolag commercial banks want to hold b. The Gorgonzolan commercial banks currently have in reserves. in extra reserves that they would like to lend out. t no additional reserves enter the Sorgonzolan banking system, the final values of bank reserves, loans, and deposits are: Final consolidated balance sheet Liabilities Currency Final value of bank Deposits Loans K Prev 8 of 8 Next 10

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