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Use the Balance Sheet Below for the Following Questions

Question 80

Multiple Choice

Use the balance sheet below for the following questions.
Table 29-2
Use the balance sheet below for the following questions. Table 29-2 -Refer to Table 29-2. If $1000 is deposited into the First Bank of Mason City, which of the following happens? A) Total reserves will initially increase by $200. B) Liabilities will decrease by $1000. C) Assets will increase by $1000. D) Required reserves will increase by $800.
-Refer to Table 29-2. If $1000 is deposited into the First Bank of Mason City, which of the following happens?


A) Total reserves will initially increase by $200.
B) Liabilities will decrease by $1000.
C) Assets will increase by $1000.
D) Required reserves will increase by $800.

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