Answer the question based on the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 12 percent. All figures are in billions of dollars: Refer to the above data. The claims of owners in the commercial banking system are equal to:
A) $60 billion
B) $100 billion
C) $135 billion
D) $150 billion

Question

Answer the question based on the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 12 percent. All figures are in billions of dollars:  Refer to the above data. The claims of owners in the commercial banking system are equal to:
A) $60 billion 
B) $100 billion 
C) $135 billion 
D) $150 billion

Quizplus · Accepted Answer

The claims of owners in the commercial banking system can be calculated by deducting the sum of total liabilities (including reserves) from the total assets, which is $435 billion - $300 billion = $135 billion.

Answer the Question Based on the Following Consolidated Balance Sheet