Exhibit 19-3 Balance sheet of Tucker National Bank Suppose Connie Rich deposits $100,000 into her checking account in the bank shown in Exhibit 19-3. The result would be a:

Question

Exhibit 19-3  Balance sheet of Tucker National Bank  Suppose Connie Rich deposits $100,000 into her checking account in the bank shown in Exhibit 19-3. The result would be a:

Quizplus · Accepted Answer

The required reserve ratio is 20%, which means that for every $100 deposited, $20 must be held as required reserves. Therefore, the bank would need to hold $20,000 of Connie's deposit as required reserves, resulting in a $20,000 increase in required reserves.

Exhibit 19-3 Balance Sheet of Tucker National Bank Suppose Connie