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

question 117

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 8 percent,Bank of the Universe can make new loans in the amount of:

• A) $70,000.
• B) $80,000.
• C) $150,000.
• D) $770,000.