Answer the Question on the Basis of the Following Balance

question 5

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.Suppose that this bank currently has $6 million in excess reserves and that customers of this bank collectively write checks for cash at the bank in the amount of $6 million.As a result,the bank's excess reserves diminish to:

• A) $0.
• B) $6 million.
• C) $0.72 million.
• D) $0.84 million.

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Definitions:

Active Voice

A sentence structure where the subject performs the action expressed by the verb, making the writing clear and direct.

Report

A Report is a detailed written or spoken account of something that has been observed, checked, or investigated, often used to convey information in business, research, or news contexts.

Dorsal Roots

Nerve fibers that carry sensory information from the body to the spinal cord, part of the central nervous system.

Ventral Roots

The efferent motor root of a spinal nerve, through which motor neurons exit the spinal cord.