Business, 20.08.2019 00:10 junielouwho
Use the following balance sheet for the abc national bank in answering the next question(s). assume the required reserve ratio is 20 percent.
assets
reserves$27,000
loans50,000
securities33,000
property200,000
liabilities and net worth
demand deposits$110,000
capital stock200,000
refer to the above data. this commercial bank has excess reserves of:
a. $0.
b. $3,000.
c. $12,000.
d. $5,000.
e. $7,000.
Answers: 2
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Use the following balance sheet for the abc national bank in answering the next question(s). assume...
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