The Vancouver Bank's Balance Statement Is as Follows: All Figures

question 110

Multiple Choice

The Vancouver Bank's balance statement is as follows: All figures are in billions. Refer to the above information and, assuming that desired reserve ratio is 10 percent, after a cheque for $20,000 is drawn and cleared against this bank, its excess reserve will be:

• A)$3,000
• B)$24,000
• C)$9,000
• D)$16,000

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A graphical representation of the total demand for the products or services provided by a specific industry at various prices.

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