Exhibit 19-2 Balance Sheet of Springfield National Bank

-In Exhibit 19-2,if Springfield National has excess reserves equal to $300,and then its customers write checks for $200,its excess reserves will fall to:

Question

Exhibit 19-2 Balance Sheet of Springfield National Bank
 
-In Exhibit 19-2,if Springfield National has excess reserves equal to $300,and then its customers write checks for $200,its excess reserves will fall to:

Quizplus · Accepted Answer

When customers write checks for $200, the bank's reserves decrease by that amount. Starting with $300 in excess reserves, subtracting $200 leaves $100 in excess reserves.