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The Following Balance Sheet Is for the First National Bank

Question 197

Multiple Choice

The following balance sheet is for the First National Bank.Assume the desired reserve ratio is 15 percent. The following balance sheet is for the First National Bank.Assume the desired reserve ratio is 15 percent. Refer to the above data, this chartered bank has excess reserves of: A) $15,000 B) $18,000 C) $27,000 D) $32,000 Refer to the above data, this chartered bank has excess reserves of:


A) $15,000
B) $18,000
C) $27,000
D) $32,000

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