Use the Following Balance Sheet for Bank of the Universe,which

question 148

Multiple Choice

Use the following balance sheet for Bank of the Universe,which is one of many banks in a banking system.
Table 13.2-Bank of the Universe Balance Sheet
-Refer to Table 13.2.With a required reserve ratio of 12 percent,Bank of the Universe would have excess reserves of:

• A) $30,000.
• B) $120,000.
• C) $150,000.
• D) $1,000,000.

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