Exhibit: Deposit Expansion Stages New New New New Cumulative Checkable Required Excess Loans New Stage Deposits Reserves Reserves Deposits 1 $1,000 SA SB SC 2 SC $1,800 3 $128 $2,440 4 $512 SD $410 $410 SE 5 $82 6 $262 $262 Remaining Stages $1,310 Total SF SG $4,000 SH What is the value of $D in Stage 4 (round up to the nearest whole number)? $82 O $102 O $128 O $160
Exhibit: Deposit Expansion Stages New New New New Cumulative Checkable Required Excess Loans New Stage Deposits Reserves Reserves Deposits 1 $1,000 SA SB SC 2 SC $1,800 3 $128 $2,440 4 $512 SD $410 $410 SE 5 $82 6 $262 $262 Remaining Stages $1,310 Total SF SG $4,000 SH What is the value of $D in Stage 4 (round up to the nearest whole number)? $82 O $102 O $128 O $160
Chapter10: Financial Statements And Reports
Section: Chapter Questions
Problem 3.5C
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Transcribed Image Text:Exhibit: Deposit Expansion Stages
New
New
New
New
Cumulative
Checkable
Required
Excess
Loans
New
Stage
Deposits
Reserves Reserves
Deposits
1
$1,000
SA
SB
SC
2
SC
$1,800
3
$128
$2,440
4
$512
SD
$410
$410
SE
5
$82
6
$262
$262
Remaining
Stages
$1,310
Total
SF
SG
$4,000
SH
What is the value of $D in Stage 4 (round up to the nearest whole number)?
$82
O $102
O $128
O $160
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