The following table shows Free Donut Bankʹs balance sheet. Free Donut Bank has a required reserve ratio of 20 percent and has $75 in excess reserves.
-Refer to the table above. What are Free Donut Bank's total liabilities?
A) $1,200
B) $1,375
C) $1,750
D) $2,000
Correct Answer:
Verified
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