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Exhibit 13-1 -Refer to the Table in the Exhibit.Assume the Desired Reserve

Question 30

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Exhibit 13-1
Exhibit 13-1 -Refer to the table in the exhibit.Assume the desired reserve ratio is 10 percent.Suppose Stu Dent deposits $10,000 in cash into his chequable deposit account.How much will EuBank have in excess reserves?   A)  $1,000  B)  $6,000  C)  $9,000  D)  $60,000
-Refer to the table in the exhibit.Assume the desired reserve ratio is 10 percent.Suppose Stu Dent deposits $10,000 in cash into his chequable deposit account.How much will EuBank have in excess reserves?  


A)  $1,000 
B)  $6,000 
C)  $9,000 
D)  $60,000

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