Exhibit 15-1 Balance sheet of First Iliad State Bank

In Exhibit 15-1, if the required reserve ratio is lowered to 5 percent, First Iliad State will be able to make additional loans worth:
A)$9,000,000.
B)$1,500,000.
C)$500,000.
D)$1,000,000.
E)$450,000.

Question

Exhibit 15-1 Balance sheet of First Iliad State Bank
                
       
In Exhibit 15-1, if the required reserve ratio is lowered to 5 percent, First Iliad State will be able to make additional loans worth:
A)$9,000,000. 
B)$1,500,000. 
C)$500,000. 
D)$1,000,000. 
E)$450,000.

Quizplus · Accepted Answer

The Answer of Exhibit 15-1 Balance sheet of First Iliad State Bank
                
       
In Exhibit 15-1, if the required reserve ratio is lowered to 5 percent, First Iliad State will be able to make additional loans worth:
A)$9,000,000. 
B)$1,500,000. 
C)$500,000. 
D)$1,000,000. 
E)$450,000.

Exhibit 15-1 Balance Sheet of First Iliad State Bank