Multiple Choice
Table 25-1
-Refer to Table 25-1. Suppose a transaction changes a bank's balance sheet as indicated in the T-account, and the required reserve ratio is 10 percent. As a result of the transaction, the bank has excess reserves of
A) $0.
B) $400.
C) $3,600.
D) $4,000.
Correct Answer:

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Correct Answer:
Verified
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