Refer to the Accompanying Balance Sheet for the First National

question 158

Multiple Choice

Refer to the accompanying balance sheet for the First National Bank of Bunco. All figures are in millions. If this bank has excess reserves of $6 million, the legal reserve ratio must be

• A) 10 percent.
• B) 12 percent.
• C) 14 percent.
• D) 20 percent.

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