Multiple Choice
The ?gures in the table are for a single commercial bank, Bank A. All ?gures are in thousands of dollars. If the reserve ratio is 10 percent and a check for $10,000 is drawn and cleared in favor of Bank B, then Bank A will end
Up with excess reserves of
A) $8,000.
B) $12,000.
C) $13,000.
D) $18,000.
Correct Answer:

Verified
Correct Answer:
Verified
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