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Use the Balance Sheet Below for the Following Questions

question 52

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Use the balance sheet below for the following questions.
Table 29-2
Use the balance sheet below for the following questions. Table 29-2    -Refer to Table 29-2. If $400 is deposited into the First Bank of Mason City, which of the following happens? A) The bank will be able to make additional loans totalling $400. B) Excess reserves initially increase by $400. C) Required reserves initially increase by $8000. D) Excess reserves initially increase by $320.
-Refer to Table 29-2. If $400 is deposited into the First Bank of Mason City, which of the following happens?


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