Use the Balance Sheet for the Following Questions

question 264

Multiple Choice

Use the balance sheet for the following questions.
Table 29-2

-Refer to Table 29-2.If $1,000 is deposited into the First Bank of Mason City,and the bank takes no other actions,it's

• A)total reserves will increase by $200.
• B)liabilities will decrease by $1,000.
• C)assets will increase by $1,000.
• D)required reserves will increase by $800.

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