On March 4, Year 1, Evan Co. purchased 1,000 shares of LVC common stock at $80 per share. OnSeptember 26, Year 1, Evan received 1,000 stock rights to purchase an additional 1,000 shares at $90 pershare.
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If a bank has a total of $80,000 in deposits and has made three loans in the amounts of $10,000, $20,000, and $30,000, what is this bank's reserve ratio (assuming it has no other deposits or made any other loans) ? a) 20% b) 75% c) 25% d) 60%
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