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The Following Balance Sheet Shows the Assets and Liabilities of the ABC

question 143

Multiple Choice

The following balance sheet shows the assets and liabilities of the ABC National Bank.Assume the desired reserve ratio is 20 percent. The following balance sheet shows the assets and liabilities of the ABC National Bank.Assume the desired reserve ratio is 20 percent.   Refer to the above information.This chartered bank has excess reserves of: A) $0 B) $3,000 C) $12,000 D) $5,000 Refer to the above information.This chartered bank has excess reserves of:


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