The Following Table Lists Some Statistics on Boring Bank

question 64

Multiple Choice

The following table lists some statistics on Boring Bank.

-Refer to the table above.If Boring Bank faces a required reserve ratio of 10 percent and has twice as many excess reserves as required reserves,how many total assets does Boring Bank have?

• A) $370
• B) $430
• C) $490
• D) $570

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