Banking System Bank of Canada A B. Assets Assets Reserves Securities Securities Advances to Banks 16.0 36.0 50.0 Loans 94.0 Liabilities Liabilities Deposits Advance from BOC Bank Deposits Gov't of Can Deposit Notes in Circulation 160.0 16.0 8.0 12.0 Assume a reserve ratio of 10% if the Bank of Canada does a redeposit of $28 of Government of Canada funds from the BOC what are the initial changes in Column A for the banking system? a Reserves increase to $18B Ob Deposits increase to $1628 Oc. Reserves and Deposits decrease by $28 Od. Both A and B are correct

Banking System Bank of Canada A B. Assets Assets Reserves Securities Securities Advances to Banks 16.0 36.0 50.0 Loans 94.0 Liabilities Liabilities Deposits Advance from BOC Bank Deposits Gov't of Can Deposit Notes in Circulation 160.0 16.0 8.0 12.0 Assume a reserve ratio of 10% if the Bank of Canada does a redeposit of $28 of Government of Canada funds from the BOC what are the initial changes in Column A for the banking system? a Reserves increase to $18B Ob Deposits increase to $1628 Oc. Reserves and Deposits decrease by $28 Od. Both A and B are correct

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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