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The Following Table Shows the Balance Sheet for Poor Baby

Question 36

Multiple Choice

The following table shows the balance sheet for Poor Baby Bank.
The following table shows the balance sheet for Poor Baby Bank. -Refer to the table above.If the required reserve ratio is 20 percent,then how much in excess reserves does Poor Baby Bank have? A) $0 B) $3 C) $9 D) $18
-Refer to the table above.If the required reserve ratio is 20 percent,then how much in excess reserves does Poor Baby Bank have?


A) $0
B) $3
C) $9
D) $18

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