Solved

The Following Table Lists Some Statistics on Boring Bank

Question 147

Multiple Choice

The following table lists some statistics on Boring Bank.
The following table lists some statistics on Boring Bank.    -Refer to the table above.If the required reserve ratio changes to 20 percent,and Boring Bank makes only the necessary changes to comply with regulations,how will the bank's total assets and total liabilities change? A)  Total assets will decrease by $20, and total liabilities will remain the same. B)  Total assets will increase by $20, and total liabilities will decrease by $20. C)  Both total assets and total liabilities will decrease by $20. D)  Both total assets and total liabilities will remain the same.
-Refer to the table above.If the required reserve ratio changes to 20 percent,and Boring Bank makes only the necessary changes to comply with regulations,how will the bank's total assets and total liabilities change?


A) Total assets will decrease by $20, and total liabilities will remain the same.
B) Total assets will increase by $20, and total liabilities will decrease by $20.
C) Both total assets and total liabilities will decrease by $20.
D) Both total assets and total liabilities will remain the same.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents