Answer the Question on the Basis of the Following Balance

question 55

Multiple Choice

Answer the question on the basis of the following balance sheet for the First National Bank of Bunco.All figures are in millions. $\begin{array}{c}\begin{array}{lll}\quad\quad\quad\underline{\text { Assets}}\\\text { Reserves}\\\text { Securities}\\\text { Loans}\\\text { Property} \end{array}\begin{array}{l}\\\$ 20 \\25 \\15 \\90\end{array}\begin{array}{lll}\quad\quad \underline{\text { Liabilities \& Net Worth }}\\\text { Checkable Deposits}\\\text { Stock Shares}\\\\\\\end{array}\begin{array}{lll}\\\$100\\50\\\\\\\end{array}\end{array}$




Refer to the data.If this bank has excess reserves of $6 million,the legal reserve ratio must be:

• A) 10 percent.
• B) 12 percent.
• C) 14 percent.
• D) 20 percent.

---

Definitions:

Queue Discipline

The rules or policies that determine the order in which tasks or customers are processed or attended to.