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Reserves Loans Securities Property Assets Liabilities Net Worth 50 000 Checkable Deposits 75 000 Stock...

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Reserves Loans Securities Property Assets Liabilities Net Worth 50 000 Checkable Deposits 75 000 Stock Shares 25 000 100 000 120 000 130 000 2 Refer to the accompanying balance sheet for the First National Bank Assume the reserve ratio is 15 percent If a check for 14 000 is drawn and cleared against this bank then its reserves and checkable deposits will be A 50 000 and 106 000 respectively C 50 000 and 120 000 respectively B 36 000 and 106 000 respectively D 36 000 and 120 000 respectively

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Transcribed Image Text

Reserves Loans Securities Property Assets Liabilities Net Worth 50 000 Checkable Deposits 75 000 Stock Shares 25 000 100 000 120 000 130 000 2 Refer to the accompanying balance sheet for the First National Bank Assume the reserve ratio is 15 percent If a check for 14 000 is drawn and cleared against this bank then its reserves and checkable deposits will be A 50 000 and 106 000 respectively C 50 000 and 120 000 respectively B 36 000 and 106 000 respectively D 36 000 and 120 000 respectively

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