The following balance sheet is for the First National Bank.Assume the desired reserve ratio is 15 percent. Refer to the above data, this chartered bank has excess reserves of:
A)$15,000
B)$18,000
C)$27,000
D)$32,000

Question

The following balance sheet is for the First National Bank.Assume the desired reserve ratio is 15 percent.  Refer to the above data, this chartered bank has excess reserves of:
A)$15,000 
B)$18,000 
C)$27,000 
D)$32,000

Quizplus · Accepted Answer

The Answer of The following balance sheet is for the First National Bank.Assume the desired reserve ratio is 15 percent.  Refer to the above data, this chartered bank has excess reserves of:
A)$15,000 
B)$18,000 
C)$27,000 
D)$32,000

The Following Balance Sheet Is for the First National Bank