In Exhibit 2, if Springfield National finds that it has excess reserves of $300, then the required reserve ratio must be: Exhibit 2 Balance Sheet of Springfield National Bank Assets Liabilities Total reserves $500 Demand deposits $1.000 |Loans $500 30 percent. 0.30 percent. 0.80 percent. 0.20 percent. 20 percent.

In Exhibit 2, if Springfield National finds that it has excess reserves of $300, then the required reserve ratio must be: Exhibit 2 Balance Sheet of Springfield National Bank Assets Liabilities Total reserves $500 Demand deposits $1.000 |Loans $500 30 percent. 0.30 percent. 0.80 percent. 0.20 percent. 20 percent.

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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2122
Am. 113.
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