Bank West's Balance Sheet Assets Liabilities
Cash $500 Deposits $20 000
Deposits at Bank of Canada $700 Capital $1 000
Loans and Mortgages $19 800 $21 000
$21 000
TABLE 26-3
Refer to Table 26-3.If Bank West receives a new deposit of $1500,its actual reserve ratio immediately becomes
A) 6%.
B) 7.5%.
C) 10%.
D) 12.6%.
E) 33.3%.
Correct Answer:
Verified
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