Solved

Table 132
ABC Bank Balance Sheet Refer to Table 13

Question 85

Multiple Choice

 Assets  Liabilities  Total reserves $80,000 Transactions accounts $200,000 Loans 120,000\begin{array}{l|l}\text { Assets }&\text { Liabilities }\\\hline \text { Total reserves }\quad\$80,000&\text { Transactions accounts }\quad\$200,000\\\text { Loans }\quad120,000\end{array}

Table 13.2
ABC Bank Balance Sheet Refer to Table 13.2.With a required reserve ratio of 10 percent,ABC Bank would have excess reserves of


A) $20,000.
B) $40,000.
C) $60,000.
D) $140,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents