Use the following balance sheet for XYZ Bank, which is one of many banks in a banking system.Table 13.1 – XYZ Bank balance sheetAssetsTotal reserves 50,000Other assets 150,000LiabilitiesTransactions accounts200,000Refer to Table 13.1. With a required reserve ratio of 15 percent, XYZ Bank would have excess reserves of:1) 15,000.2)20,000.3) 50,000.4)150,000.Save
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