Exhibit 19-2 Balance Sheet of Springfield National Bank
-In Exhibit 19-2,if Springfield National finds that it has excess reserves of $300,then the required reserve ratio must be:
A) 30 percent.
B) 0.30 percent.
C) 0.80 percent.
D) 0.20 percent.
E) 20 percent.
Correct Answer:
Verified
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