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Answer the Question Based on the Following Balance Sheet for the First

Question 38

Multiple Choice

Answer the question based on the following balance sheet for the First National Bank. Assume the reserve ratio is 15 percent: Answer the question based on the following balance sheet for the First National Bank. Assume the reserve ratio is 15 percent: Refer to the above data. First National Bank can make new loans of up to: A) $50,000 B) $41,000 C) $32,000 D) $27,000 Refer to the above data. First National Bank can make new loans of up to:


A) $50,000
B) $41,000
C) $32,000
D) $27,000

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