Refer to the accompanying consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 30 percent. All ﬁgures are in billions. The commercial banking system has excess reserves of
A) $9 billion.
B) $7 billion.
C) $6.1 billion.
D) $5 billion.

Question

Refer to the accompanying consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 30 percent. All ﬁgures are in billions. The commercial banking system has excess reserves of
A) $9 billion. 
B) $7 billion. 
C) $6.1 billion. 
D) $5 billion.

Quizplus · Accepted Answer

The Answer of  Refer to the accompanying consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 30 percent. All ﬁgures are in billions. The commercial banking system has excess reserves of
A) $9 billion. 
B) $7 billion. 
C) $6.1 billion. 
D) $5 billion.

Refer to the Accompanying Consolidated Balance Sheet for the Commercial