Consolidated balance sheet for the chartered banking system.Assume the desired reserve ratio is 10 percent.All figures are in billions. Refer to the above information.The chartered banking system has excess reserves of:
A)$0 billion.
B)$30 billion.
C)$60 billion.
D)$70 billion.

Question

Consolidated balance sheet for the chartered banking system.Assume the desired reserve ratio is 10 percent.All figures are in billions.  Refer to the above information.The chartered banking system has excess reserves of:
A)$0 billion. 
B)$30 billion. 
C)$60 billion. 
D)$70 billion.

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The Answer of Consolidated balance sheet for the chartered banking system.Assume the desired reserve ratio is 10 percent.All figures are in billions.  Refer to the above information.The chartered banking system has excess reserves of:
A)$0 billion. 
B)$30 billion. 
C)$60 billion. 
D)$70 billion.

Consolidated Balance Sheet for the Chartered Banking System