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The Following Balance Sheet Is for the First National Bank

Question 116

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The following balance sheet is for the First National Bank.Assume the desired reserve ratio is 15 percent.
The following balance sheet is for the First National Bank.Assume the desired reserve ratio is 15 percent. -Refer to the above data.If a cheque for $20,000 is drawn and cleared against this bank,it will have excess reserves of: A) $15,000 B) $20,000 C) $25,000 D) $30,000
-Refer to the above data.If a cheque for $20,000 is drawn and cleared against this bank,it will have excess reserves of:


A) $15,000
B) $20,000
C) $25,000
D) $30,000

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