The following balance sheet is for the First National Bank.Assume the reserve ratio is 15 percent. Refer to the above data.This bank can make new loans of up to:
A)$50,000
B)$41,000
C)$27,000
D)$32,000

Question

The following balance sheet is for the First National Bank.Assume the reserve ratio is 15 percent.  Refer to the above data.This bank can make new loans of up to:
A)$50,000 
B)$41,000 
C)$27,000 
D)$32,000

Quizplus · Accepted Answer

The Answer of The following balance sheet is for the First National Bank.Assume the reserve ratio is 15 percent.  Refer to the above data.This bank can make new loans of up to:
A)$50,000 
B)$41,000 
C)$27,000 
D)$32,000

The Following Balance Sheet Is for the First National Bank