The following balance sheet is for the First Edmonton Bank.All figures are in millions. Refer to the above information.If this bank finds that it has excess reserves of $6, the desired ratio must be:
A)10 percent.
B)12 percent.
C)14 percent.
D)20 percent.

Question

The following balance sheet is for the First Edmonton Bank.All figures are in millions.  Refer to the above information.If this bank finds that it has excess reserves of $6, the desired ratio must be:
A)10 percent. 
B)12 percent. 
C)14 percent. 
D)20 percent.

Quizplus · Accepted Answer

The Answer of The following balance sheet is for the First Edmonton Bank.All figures are in millions.  Refer to the above information.If this bank finds that it has excess reserves of $6, the desired ratio must be:
A)10 percent. 
B)12 percent. 
C)14 percent. 
D)20 percent.

The Following Balance Sheet Is for the First Edmonton Bank