Use the Following to Answer Questions

question 143

Multiple Choice

Use the following to answer questions.
Exhibit: Acme Bank: Partial Balance Sheet

-(Exhibit: Acme Bank: Partial Balance Sheet) Assume Acme Bank initially has no excess reserves. If Guevara withdraws $6,000 from her checking account at Acme Bank, which of the following will occur?

• A) Acme's excess reserves are reduced by $6,000.
• B) Acme will have excess reserves of $2,000.
• C) Acme will have a required reserve deficiency of $3,000.
• D) Acme will have a required reserve deficiency of $5, 400.

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