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Exhibit 15-1 Balance Sheet of First Iliad State Bank

question 99

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Exhibit 15-1 Balance sheet of First Iliad State Bank
Exhibit 15-1 Balance sheet of First Iliad State Bank   In Exhibit 15-1, if the required reserve ratio is raised to 15 percent, First Iliad State will have to convert loans worth: A)  $9,000,000 to required reserves. B)  $1,500,000 to required reserves. C)  $500,000 to required reserves. D)  $1,000,000 to required reserves.
In Exhibit 15-1, if the required reserve ratio is raised to 15 percent, First Iliad State will have to convert loans worth:

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