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The Following Balance Sheet Shows the Assets and Liabilities of the ABC

question 17

Multiple Choice

The following balance sheet shows the assets and liabilities of the ABC National Bank.Assume the desired reserve ratio is 20 percent.
The following balance sheet shows the assets and liabilities of the ABC National Bank.Assume the desired reserve ratio is 20 percent.    -Refer to the above information.After the transaction described in the previous question is completed,the bank will now have excess reserves of: A)  $0 B)  $3,000 C)  $12,000 D)  $5,000
-Refer to the above information.After the transaction described in the previous question is completed,the bank will now have excess reserves of:


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