What would be the reserves of first commerce bank

Reference no: EM13221335

Sharon sells a government security worth $4,600,000 to the Federal Reserve Bank of Kansas City. She then deposits the funds in her checking account at First Commerce Bank. Her checking account had a $150,000 balance before this deposit. The reserves of First Commerce Bank would: Increase by $4,750,000 Increase by $4,600,000 Decrease by $4,600,000 Decrease by $4,450,000

Reference no: EM13221335

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