Assume that Atlantic National Bank has demand deposits of $100,000 and no excess reserves,...
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Accounting
Assume that Atlantic National Bank has demand deposits of
$100,000 and no excess reserves, and that the reserve requirement is 10 percent.A customer withdraws
$5,000 from the bank. To meet the reserve requirement, the bank must increase its reserves by\ (A)
$500\ (B)
$1,000\ (C)
$2,000\ (D)
$4,000\ (E)
$4,500 
2. Assume that Atlantic National Bank has demand deposits of $100,000 and no excess reserves, and that the reserve requirement is 10 percent. A customer withdraws $5,000 from the bank. To meet the reserve requirement, the bank must increase its reserves by (A) $500 (B) $1,000 (C) $2,000 (D) $4,000 (E) $4,500
Assume that Atlantic National Bank has demand deposits of
$100,000and no excess reserves, and that the reserve requirement is 10 percent.A customer withdraws
$5,000from the bank. To meet the reserve requirement, the bank must increase its reserves by\ (A)
$500\ (B)
$1,000\ (C)
$2,000\ (D)
$4,000\ (E)
$4,500 
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