The following balance sheet shows the assets and liabilities of the ABC National Bank.Assume the desired reserve ratio is 20 percent.

-Refer to the above information.This chartered bank has excess reserves of:

Question

The following balance sheet shows the assets and liabilities of the ABC National Bank.Assume the desired reserve ratio is 20 percent.
 
-Refer to the above information.This chartered bank has excess reserves of:

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The Answer of The following balance sheet shows the assets and liabilities of the ABC National Bank.Assume the desired reserve ratio is 20 percent.
 
-Refer to the above information.This chartered bank has excess reserves of:

The Following Balance Sheet Shows the Assets and Liabilities of the ABC