Table 14-1 -Refer to Table 14-1.Suppose a Transaction Changes a Bank's Balance

question 102

Multiple Choice

Table 14-1

-Refer to Table 14-1.Suppose a transaction changes a bank's balance sheet as indicated in the T-account,and the required reserve ratio is 10 percent.As a result of the transaction,the bank has excess reserves of

• A)$0.
• B)$400.
• C)$3,600.
• D)$4,000.