1. The Coppock Bank has $34,000,000 in deposits. If borrowings are $7,000,000, reserves are $3,500,000, and owner's equity is $2,000,000, what are the bank's total liabilities and net worth?
A. $21,500,000
B. $46,500,000
C. $43,500,000
D. $43,000,000
E. $24,000,000
2. A Bank can make loans when:
A. excess reserves are equal to zero
B. excess reserves are greater than zero
C. required reserves are less than excess reserves
D. excess reserves are less than zero
E. required reserves are greater than excess reserves