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Balance sheet of Bank National Assets Liabilities Vault Cash Deposit in Fed Loans Total Assets $1,500 $ 500 $4,000 $6,000 Deposits Total Liabilities $6,000 $6,000
Balance sheet of Bank National Assets Liabilities Vault Cash Deposit in Fed Loans Total Assets $1,500 $ 500 $4,000 $6,000 Deposits Total Liabilities $6,000 $6,000 If the Fed changed the reserve requirement from 10% to 39% Bank National would now have ER of: a. -$340 b. -$3,660 c. -$2,340 d. -$500 e. -$250
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
