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2) Assets Liabilities + Net Worth Reserves $50,000 Checkable Deposits $120,000 Loans 75,000 Stock Shares 130,000 Securities Property 25,000 100,000 Refer to the accompanying
2) Assets Liabilities + Net Worth Reserves $50,000 Checkable Deposits $120,000 Loans 75,000 Stock Shares 130,000 Securities Property 25,000 100,000 Refer to the accompanying balance sheet for the First National Bank. Assume the reserve ratio is 15 percent. If a check for $14,000 is drawn and cleared against this bank, then its reserves and checkable deposits will be A) $50,000 and $106,000, respectively. B) $36,000 and $106,000, respectively. C) $50,000 and $120,000, respectively. D) $36,000 and $120,000, respectively.
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