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The Following Is a Consolidated Balance Sheet for the Chartered

Question 62

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The following is a consolidated balance sheet for the chartered banking system.All figures are in billions.Assume that the desired reserve ratio is 20 percent. The following is a consolidated balance sheet for the chartered banking system.All figures are in billions.Assume that the desired reserve ratio is 20 percent. Refer to the above information.The amount of excess reserves is: A) $20 billion. B) $60 billion. C) $120 billion. D) $600 billion. Refer to the above information.The amount of excess reserves is:


A) $20 billion.
B) $60 billion.
C) $120 billion.
D) $600 billion.

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