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-In the Balance Sheet Above,the Entries Are in Millions of \text

Question 551

Multiple Choice

 Assets  Liabilities  Reserves $400 Deposits  Loans $1,200$800 Total  Total $1,200$1,200\begin{array}{|l|l|}\hline {\text { Assets }} &{\text { Liabilities }} \\\hline \text { Reserves } & \\\$ 400 & \text { Deposits } \\\text { Loans } & \$ 1,200 \\\$ 800 & \\\text { Total } & \text { Total } \\\$ 1,200 & \$ 1,200\\\hline \end{array}
-In the balance sheet above,the entries are in millions of dollars for the FBN Bank.If the desired reserve ratio equals 10 percent,FBN Bank has excess reserves of


A) $280 million.
B) $200 million.
C) $100 million.
D) $0.

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