University National Bank Balance Sheet

-The above table has the balance of the University National Bank. All figures are in millions of dollars. The required reserve ratio is 20 percent. What is the value of excess reserves held by the University National Bank?
A) $88 million
B) $232 million
C) $320 million
D) $352 million

Question

University National Bank Balance Sheet

-The above table has the balance of the University National Bank. All figures are in millions of dollars. The required reserve ratio is 20 percent. What is the value of excess reserves held by the University National Bank?
A) $88 million 
B) $232 million 
C) $320 million 
D) $352 million

Quizplus · Accepted Answer

The Answer of University National Bank Balance Sheet

-The above table has the balance of the University National Bank. All figures are in millions of dollars. The required reserve ratio is 20 percent. What is the value of excess reserves held by the University National Bank?
A) $88 million 
B) $232 million 
C) $320 million 
D) $352 million