Use the Following Balance Sheet for XYZ Bank,which Is One

question 33

Multiple Choice

Use the following balance sheet for XYZ Bank,which is one of many banks in a banking system.
Table 13.1-XYZ Bank balance sheet
-Refer to Table 13.1.With a required reserve ratio of 15 percent,XYZ Bank would have excess reserves of:

• A) $15,000.
• B) $20,000.
• C) $50,000.
• D) $150,000.

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