Assume the Continental National Bank's balance statement is as follows:Assets:reserves $40,000loans $25,000securities $110,000Liabilities + net worthcheckable deposits $130,000stock shares $45,000Assuming a legal reserve ratio of 20 percent, how much in excess reserves would this bank have after a check for $10,000 was drawn and cleared against it?$3,000.$24,000.$6,000.$16,000.

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Q: Refer to Table 10.1. First Commercial Bank's required reserves equal $________.   First Commercial…

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Q: How much will the money supply increase if excess reserves increase by $27 million and the reserve…

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Q: None

A: The completed table is RoundNew DepositsNew ReservesNew LoansTotal Money…

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Q: Which of the following statements conceming the changes that occur is corret if you were to make a $…

A: Given: Deposit=$200 Reserve ratio=0.10

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A:

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