Exhibit 19-1 Balance sheet of First Iliad State Bank

-In Exhibit 19-1,if the required reserve ratio is lowered to 5 percent,First Iliad State will be able to make additional loans worth:
A) $9,000,000.
B) $1,500,000.
C) $500,000.
D) $1,000,000.
E) $450,000.

Question

Exhibit 19-1 Balance sheet of First Iliad State Bank
 
-In Exhibit 19-1,if the required reserve ratio is lowered to 5 percent,First Iliad State will be able to make additional loans worth:
A) $9,000,000. 
B) $1,500,000. 
C) $500,000. 
D) $1,000,000. 
E) $450,000.

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 lowered to 5 percent,First Iliad State will be able to make additional loans worth:
A) $9,000,000. 
B) $1,500,000. 
C) $500,000. 
D) $1,000,000. 
E) $450,000.

Exhibit 19-1 Balance Sheet of First Iliad State Bank