Exhibit 15-2 Balance Sheet of Springfield National Bank
In Exhibit 15-2, if Springfield National has excess reserves equal to $300, and the required reserve ratio increases to 35 percent, it will:
A) be able to cover its increased reserve requirements from its excess reserves.
B) have to call in loans worth $350.
C) have to call in loans worth $250.
D) have to call in loans worth $200.
E) have to call in loans worth $150.
Correct Answer:
Verified
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