-The above table has the balance of the University National Bank. All figures are in millions of dollars. The desired reserve ratio is 20 percent. What is the value of excess reserves held by the University National Bank?
A) $760 million
B) $320 million
C) $120 million
D) $232 million

Question

-The above table has the balance of the University National Bank. All figures are in millions of dollars. The desired reserve ratio is 20 percent. What is the value of excess reserves held by the University National Bank?
A) $760 million 
B) $320 million 
C) $120 million 
D) $232 million

Quizplus · Accepted Answer

The Answer of 
-The above table has the balance of the University National Bank. All figures are in millions of dollars. The desired reserve ratio is 20 percent. What is the value of excess reserves held by the University National Bank?
A) $760 million 
B) $320 million 
C) $120 million 
D) $232 million

-The Above Table Has the Balance of the University National