-In the balance sheet above, the entries are in millions of dollars for the FBN Bank. If the desired reserve ratio on deposits is 10 percent, FBN Bank has desired reserves of
A) $700 million.
B) $100 million.
C) $120 million.
D) $0.

Question

-In the balance sheet above, the entries are in millions of dollars for the FBN Bank. If the desired reserve ratio on deposits is 10 percent, FBN Bank has desired reserves of
A) $700 million. 
B) $100 million. 
C) $120 million. 
D) $0.

Quizplus · Accepted Answer

The Answer of 
-In the balance sheet above, the entries are in millions of dollars for the FBN Bank. If the desired reserve ratio on deposits is 10 percent, FBN Bank has desired reserves of
A) $700 million. 
B) $100 million. 
C) $120 million. 
D) $0.

-In the Balance Sheet Above, the Entries Are in Millions