Refer to the Information Provided in Table 25

question 214

Multiple Choice

Refer to the information provided in Table 25.5 below to answer the question(s) that follow.
Table 25.5
-Refer to Table 25.5. The required reserve ratio is 10%. If the Bloomington Bank is meeting its reserve requirement and has no excess reserves, its loans equal

• A) $1,080.
• B) $1,530.
• C) $1,580.
• D) $1,700.

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