Exhibit 19-1 Balance sheet of First Iliad State Bank

-In Exhibit 19-1,if the required reserve ratio is raised to 15 percent,First Iliad State will have to convert loans worth:
A) $9,000,000 to required reserves.
B) $1,500,000 to required reserves.
C) $500,000 to required reserves.
D) $1,000,000 to required reserves.
E) $450,000 to required reserves.

Question

Exhibit 19-1 Balance sheet of First Iliad State Bank
 
-In Exhibit 19-1,if the required reserve ratio is raised to 15 percent,First Iliad State will have to convert loans worth:
A) $9,000,000 to required reserves. 
B) $1,500,000 to required reserves. 
C) $500,000 to required reserves. 
D) $1,000,000 to required reserves. 
E) $450,000 to required reserves.

Quizplus · Accepted Answer

The Answer of Exhibit 19-1 Balance sheet of First Iliad State Bank
 
-In Exhibit 19-1,if the required reserve ratio is raised to 15 percent,First Iliad State will have to convert loans worth:
A) $9,000,000 to required reserves. 
B) $1,500,000 to required reserves. 
C) $500,000 to required reserves. 
D) $1,000,000 to required reserves. 
E) $450,000 to required reserves.

Exhibit 19-1 Balance Sheet of First Iliad State Bank