If the bank you own has no excess reserves and a sound customer comes in asking for a loan, should you automatically turn the customer down, explaining that you don't have any excess to lend out? why or why not? what options are available for you to provide the funds your customer needs?

No.

Explanation:

Based on the information provided within the question it can be said that in this scenario you should Not turn down the customer. Mainly because the funds/reserves needed can be acquired in a variety of ways. Such options include borrowing at the discount window, borrowing at the federal funds market, or even issuing negotiable CD's. Therefore since there are options for providing the funds the customer needs, then the customer should not be rejected.

88 because 4 plus 4 equals 8. 40 plus 40 equals 80. 80 plus 8 equals 88

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