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3 years ago

13

Refer to the accompanying balance sheet for the First National Bank. Assume the reserve ratio is 15 percent. If a check for $20,

000 is drawn and cleared against this bank, it will then have excess reserves of:_________.
a) $30,000
b) $15,000
c) $20,000
d) $25,000

1 answer:

Arlecino [84]3 years ago

7 0

The answer is b $15,000

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