Refer to the accompanying balance sheet for the ABC National Bank. Assume the required reserve ratio is 20 percent. This commercial bank has excess reserves of
A) $0.
B) $3,000.
C) $12,000.
D) $5,000.

Question

Refer to the accompanying balance sheet for the ABC National Bank. Assume the required reserve ratio is 20 percent. This commercial bank has excess reserves of
A) $0. 
B) $3,000. 
C) $12,000. 
D) $5,000.

Quizplus · Accepted Answer

The Answer of  Refer to the accompanying balance sheet for the ABC National Bank. Assume the required reserve ratio is 20 percent. This commercial bank has excess reserves of
A) $0. 
B) $3,000. 
C) $12,000. 
D) $5,000.

Refer to the Accompanying Balance Sheet for the ABC National