The Following Is the Balance Sheet of the Leafs Bank

question 131

Multiple Choice

The following is the balance sheet of the Leafs Bank

-Refer to the information above to answer this question.Assume the target reserve ratio is 8 percent.What are the excess reserves of this commercial bank?

• A)$0.
• B)$60,000.
• C)$43,200.
• D)$4,800.
• E)$52,000.

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Definitions:

Edward Titchener

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A doctorate degree that represents advanced study and research in the field of psychology.

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