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Refer to the Accompanying Balance Sheet for the First National

Question 275

Multiple Choice

Refer to the accompanying balance sheet for the First National Bank. Assume the reserve ratio is 15 percent. First National Bank can make new loans of up to A) $50,000. B) $41,000. C) $32,000. D) $27,000. Refer to the accompanying balance sheet for the First National Bank. Assume the reserve ratio is 15 percent. First National Bank can make new loans of up to


A) $50,000.
B) $41,000.
C) $32,000.
D) $27,000.

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