Use the Following to Answer Questions

question 342

Multiple Choice

Use the following to answer questions:
-(Table: ABC Bank's Balance Sheet) Look at the table ABC Bank's Balance Sheet. If the minimum reserve ratio for ABC Bank is 10%, then the bank is required to maintain minimum reserves of:

• A)$10 million.
• B)$15 million.
• C)$9.5 million.
• D)$7.5 million.

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