Refer to the Accompanying Consolidated Balance Sheet for the Commercial

question 93

Multiple Choice

Refer to the accompanying consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 10 percent. All figures are in billions. The commercial banking system has excess reserves of

• A) $0 billion.
• B) $30 billion.
• C) $60 billion.
• D) $70 billion.

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