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Question: Use the following balance sheet for XYZ Bank, which is one of many banks in a banking system.  Re...

Show transcribed image text Use the following balance sheet for XYZ Bank, which is one of many banks in a banking system. Refer 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.

Use the following balance sheet for XYZ Bank, which is one of many banks in a banking system. Refer 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.