Exhibit 15-7 Lower Walloon National Bank in Exhibit 15-7

Exhibit 15-7 Lower Walloon National Bank In Exhibit 15-7, if Mr. Brown pays out all of the proceeds of the loan to Mr. John White who is going to make the renovations of the restaurant, the Lower Walloon National bank will now have:

A) $6,000 in reserves, $4,000 in loans, and $10,000 in checkable deposits.
B) $2,000 in reserves, $4,000 in loans, and $10,000 in checkable deposits.
C) $2,000 in reserves, $8,000 in loans, and $10,000 in checkable deposits.
D) $0 in reserves, $8,000 in loans, and $10,000 in checkable deposits.
E) $10,000 in reserves, $8,000 in loans, and $2,000 in checkable deposits.