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Use the Balance Sheet for the Following Questions

Question 97

Multiple Choice

Use the balance sheet for the following questions.
Table 29-3
Use the balance sheet for the following questions. Table 29-3 -Refer to Table 29-3. If the Last Bank of Cedar Bend is holding $5000 in excess reserves, what is the reserve requirement? A) 1/7 B) 1/8 C) 1/9 D) 1/10
-Refer to Table 29-3. If the Last Bank of Cedar Bend is holding $5000 in excess reserves, what is the reserve requirement?


A) 1/7
B) 1/8
C) 1/9
D) 1/10

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