Assume that Banc One receives a primary deposit of $1 million The bank must keep reserves 20 percent against deposits. Prepare a simple balance sheet of assets and liabilities for Banc One immediately after the deposit is received
![]() |
Assume that Banc One receives a primary deposit of $1 million The bank must keep reserves 20 percent against deposits. Prepare a simple balance sheet of assets and liabilities for Banc One immediately after the deposit is received
All times are GMT -7. The time now is 08:03 PM. |