Question: Refer to the information provided in Table 25.2 below to answer the questions that follow. Table 25.2 First Commercial Bank Assets Liabilities + Net Worth
Refer to the information provided in Table 25.2 below to answer the questions that follow. Table 25.2 First Commercial Bank Assets Liabilities + Net Worth Reserves: $2 million $4 million Deposits Required $800,000 $500,000 Net Worth Excess N Loans N Total $4.5 million $4.5 million Total 4) Refer to Table 25.2. First Commercial Bank's excess reserves equal A) $1,200,000. B) $2,000,000. C) $2,800,000. D) $4,500,000.
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