Table 10.3 -Refer to Table 10.3.Consider the Following Simplified Balance Sheet for Balance

question 157

Multiple Choice

Table 10.3
-Refer to Table 10.3.Consider the following simplified balance sheet for a bank: If the desired reserve ratio is 10 percent, the bank can make a maximum loan of

• A)$2,000.
• B)$3,000.
• C)$5,000.
• D)$6,300.
• E)$45,000.

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