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Business, 10.12.2019 21:31 michael11948
Assume the continental national bank's balance statement is as shown in the accompanying table. assuming a legal reserve ratio of 20 percent, how much in excess reserves would this bank have after a check for $10,000 was drawn and cleared against it?
a) $3,000
b) $6,000c) $16,000d) $24,000
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Answers: 2
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Assume the continental national bank's balance statement is as shown in the accompanying table. assu...
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