Consider the balance sheet of the First National Bank Assets Reserves Loans $2,000 18,000 Liabilities Deposits $20,000 The reserve ratio of this bank is: (SHOW YOUR WORK ON THE SCRATCH SHEET) O1 percent 5 percent 10 percent 20 percent
Consider the balance sheet of the First National Bank Assets Reserves Loans $2,000 18,000 Liabilities Deposits $20,000 The reserve ratio of this bank is: (SHOW YOUR WORK ON THE SCRATCH SHEET) O1 percent 5 percent 10 percent 20 percent
Chapter1: Making Economics Decisions
Section: Chapter Questions
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![Question 14
Consider the balance sheet of the First National Bank
Assets
Reserves
Loans
$2,000
18,000
Liabilities
Deposits
$20,000
The reserve ratio of this bank is: (SHOW YOUR WORK ON THE SCRATCH SHEET)
O 1 percent
5 percent
O 10 percent
20 percent](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F180955bf-99ca-4721-be16-5378fba3b31d%2F2d26ab28-42df-402c-b745-85ef8afea555%2Fdi13mvv_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 14
Consider the balance sheet of the First National Bank
Assets
Reserves
Loans
$2,000
18,000
Liabilities
Deposits
$20,000
The reserve ratio of this bank is: (SHOW YOUR WORK ON THE SCRATCH SHEET)
O 1 percent
5 percent
O 10 percent
20 percent
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