Sample Quiz 3

# Sample Quiz 3 - Sample Quiz 3 PLEASE NOTE-I MADE NO EFFORT...

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d. \$1,800. ____ 9. Suppose a bank has a 10 percent reserve requirement, \$5,000 in deposits, and has loaned out all it can given the reserve requirement. a. It has \$50 in reserves and \$4,950 in loans. b. It has \$500 in reserves and \$4,500 in loans. c. It has \$555 in reserves and \$4,445 in loans. d. None of the above is correct. ____ 10. Suppose a bank has \$200,000 in deposits and \$190,000 in loans. It has loaned out all it can. It has a reserve ratio of a. 2.5 percent. b. 5 percent. c. 9.5 percent. d. 10 percent. Use the balance sheet for the following questions. Table 29-3 Last Bank of Cedar Bend Assets Liabilities Reserves \$25,000 Deposits \$150,000 Loans \$125,000 ____ 11. Refer to Table 29-3 . If the reserve requirement is 10 percent, then this bank a. is in a position to make a new loan of \$15,000. b.
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## This test prep was uploaded on 04/18/2008 for the course ECON 202 taught by Professor Wenz during the Spring '08 term at Winona.

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Sample Quiz 3 - Sample Quiz 3 PLEASE NOTE-I MADE NO EFFORT...

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