Exhibit 15-1 -Refer to Exhibit 15-1. Assume the Required Reserve Ratio Is

question 27

Multiple Choice

Exhibit 15-1

-Refer to Exhibit 15-1. Assume the required reserve ratio is 10%. If Stu Dent deposits $10,000 in cash into his checkable deposit account, how much will Eubank have in excess reserves?

• A)$10,000
• B)$1,000
• C)$9,000
• D)$60,000
• E)$6,000

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