Question: Balance sheet of Tucker National Bank Assets Assets Liabilites Liabilites Required reserves $ Checkable deposits $100,000
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Question:
Balance sheet of Tucker National Bank
Assets | Assets | Liabilites | Liabilites |
Required reserves | $ | Checkable deposits | $100,000 |
Excess reserves | 5,000 | ||
Loans | 70,000 | ||
Total | $100,000 | Total | $100,000 |
Suppose Brad Jones deposits $20,000 into his checking account in the bank. The result would be that the bank must increase it required reserves to:
a. $20,000
b. $5,000
c. $30,000
d. $25,000
Related Book For
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders , Marcia Cornett
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