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Ton 3 Refer to the information provided in Table below to answer the question(s) that follow. Ted dout of ng question Table First Charter Bank
Ton 3 Refer to the information provided in Table below to answer the question(s) that follow. Ted dout of ng question Table First Charter Bank Assets Liabilities Reserves $800 Deposits Loans $400 Net Worth Total $1,200 Total Refer to Table The required reserve ratio is 25%. If the First Charter Bank is meeting its reserve requirement and has no excess reserves, its reserves equal Select one: a. $200. b. $600. O c. $300. d. $100
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