# SOLUTION: Assume that Banc One recieves a primary deposit of $1 million. The bank must keep reserves of 20 percent aginst its deposits. Prepare a simple balance sheet of assets and liabiliti Algebra -> Algebra -> Customizable Word Problem Solvers -> Finance -> SOLUTION: Assume that Banc One recieves a primary deposit of$1 million. The bank must keep reserves of 20 percent aginst its deposits. Prepare a simple balance sheet of assets and liabiliti      Log On

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 Click here to see ALL problems on Money Word Problems Question 566778: Assume that Banc One recieves a primary deposit of \$1 million. The bank must keep reserves of 20 percent aginst its deposits. Prepare a simple balance sheet of assets and liabilities for Banc One immediately after the deposit is received. Answer by solver91311(16885)   (Show Source): You can put this solution on YOUR website! Preparing a balance sheet is an accounting problem, not an algebra problem. Try Accounting.com or some such. John My calculator said it, I believe it, that settles it