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
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter5: Internal Control And Cash
Section: Chapter Questions
Problem 5.4.3P
Related questions
Question
6.
![Time left 1:12:30
Banking System
A.
Bank of Canada
A
B
Assets
Assets
Reserves
Securities
Advances to Banks
16.0
36.0
Securities
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 $2B 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
O b. Deposits increase to $1628
Oc. Reserves and Deposits decrease by $2B
Od. Both A and Bare correct
Clear my choice](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F59317a3c-04dc-4faa-a31a-0bf1f46fab03%2F719de041-e5f7-4755-88ad-6e09da2a791a%2Fka2mn9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Time left 1:12:30
Banking System
A.
Bank of Canada
A
B
Assets
Assets
Reserves
Securities
Advances to Banks
16.0
36.0
Securities
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 $2B 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
O b. Deposits increase to $1628
Oc. Reserves and Deposits decrease by $2B
Od. Both A and Bare correct
Clear my choice
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