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Home Q & A Board Other Fields Homework Help Business Economics
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Tidy Tidy
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8 years ago
Suppose a transaction changes the balance sheet of Wells Fargo bank as indicated in the following T-account.

Assets   Liabilities
Reserves + $1,000   Deposits + $1,000

At this point, what percentage of the new deposits does Wells Fargo hold in reserves?
A) 100 percent
B) 10 percent
C) 5 percent
D) 1 percent
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SydnieSydnie
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8 years ago
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#2
8 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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