Reserves $40,000 checkable deposits $130,000 loans 25,000 stock shares 45,000 securities 110,000 assume the continental national bank's balance statement is as shown in the accompanying table. assuming a legal reserve ratio of 20 percent, how much in excess reserves would this bank have after a check for $10,000 was drawn and cleared against it?
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Reserves $40,000 checkable deposits $130,000 loans 25,000 stock shares 45,000 securities 110,000 ass...
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