Answer the next question based on the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 12 percent. All figures are in billions of dollars.AssetsLiabilities & Net WorthReserves$60 Checkable Deposits$150Loans100 Stock Shares135Securities25 Property100?Refer to the above data. The claims of owners in the commercial banking system are equal to:
A. $100 billion.
B. $285 billion.
C. $150 billion.
D. $135 billion.
Answer: D
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What will be an ideal response?
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