A bank has $267 million in total reserves, of which $12 million are excess reserves. The bank currently has $3.533 billion in loans, $1.087 billion in securities, and $130 million in other assets. The required reserve ratio for transactions deposits is 10 percent.
Calculate the sum of this bank's total amount of liabilities and net worth. $_____ billion. (Round to two decimal places.)
Calculate the additional amount of loans this bank can make to households and firms. $_____ million.
Calculate the current quanitity of transactions deposits at this bank. $______ billion. (Round to two decimal places.)